P11D Benefit Reporting

What is a P11D?

The P11D form is used to report benefits in kind tp HMRC. These are items or services which you (or your employees) receive from your company in addition to your salary, such as private healthcare, interest-free loans (to pay for train season tickets, for example) and company cars. As benefits in kind effectively increase your salary, there may be National Insurance Contributions (NICs) to be paid on them, although it’s important to note these contributions will be paid by the company, not the individual.

When do I need to file a P11D?

P11Ds must be filed by 6th July following the tax year in question. The NIC payments are due on 19th July. 

What needs to be included in a P11D?

Generally speaking, any items the company pays for and that the employee benefits from need to be included on the P11D form. Expenses and benefits that need to be reported to HMRC are:

  • Company cars
  • Loans for rail season tickets
  • Other loans
  • Health insurance
  • Assets provided to an employee that have significant personal use
  • Self Assessment fees paid by the company
  • Non-business travel expenses
  • Non-business entertainment expenses

P11D exemptions:

Expenses that are incurred wholly and exclusively for the purposes fo business are exempt from P11D reporting and may include items such as:

  • Business travel costs
  • Business entertainment expenses
  • Credit cards used for business purposes
  • Fees and subscriptions.

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