A P11D is a return to HMRC of any expenses or benefits you pay on behalf of your employees.
If you employ people you may give them some benefits in kind as part of their remuneration package or you may reimburse them for expenses over and above those which would be classed as a normal business expense.
If either or both of these situations apply to your business you will have to inform HMRC of this by way of a form P11D.
There are various guidelines and rules around what should be reported and many different categories which should be included.
The P11D should be filed with HMRC after the end of the tax year (5th April) and the deadline for filing is the 6th July.
If you are having difficulty deciding if this rule applies to your business or if you need some help in understanding how to calculate what should be included or to file the return, we would be happy to have a chat with you to see if we could help you out.
If you would like to chat about this or anything else, why not get in touch?
I work with Val and beyond the Numbers, because they are exactly that..more than just the numbers. They work hard to understand my business, understand the business needs that are unique to me. They then shape the support and service around those needs.
What I particularly like is that they are up for doing all sorts of support, from basic book-keeping, through to strategic challenge and insight. Trusted partners.
Martin Ewart, Bigwheel Leadership Ltd
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