What is a P11D? And do I need to complete one?

tax forms

What is a P11D?

The P11D is a statutory form required to be filed with HMRC detailing the cash equivalents of benefits paid to their employees.

Who needs to complete a P11D?

Employers who have paid benefits to employees during a tax year need to complete them.

Who receives a P11D?

Employees who have been paid benefits during a tax year and earnt more than £8,500.

What kind of things will be included as expenses and benefits?

Any benefits you have received from your employment should be included.  These may include, but not restricted to, things like private health care, company cars, childcare and private fuel paid for.

What is the purpose of the form?

The P11D is used to calculate whether any additional class 1a national insurance is due to be paid to HMRC by the employer as they treat these benefits as additional salary.

What do I need to do with the P11D?

Your tax code will be adjusted the following year to take account of the income tax due on the benefits you receive, so if you disagree with HMRC’s adjustment you may need to refer back to it.

If you have to complete a self assessment tax return, the benefits you received detailed on them need to be included within the employment income section and will be taxed as such.

What are the deadlines for filing a P11D?

The deadline for filing is 6th July after the end of the tax year and the payment of any NIC resulting from them is due by 22nd July.

If you are unsure if you need to complete and file P11Ds, ask your accountant for advice.

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