NEWS

P11D reminder for reporting expenses

Employers who provided employees with taxable benefits and expenses during the 2018/19 tax year are reminded the deadline to complete the relevant benefits and expenses returns and file them with HMRC is 6 July 2019.

Any benefits that have not been payrolled and have not been included in a PAYE Settlement Agreement should be notified to HMRC on form P11D.  Employers are also required to file a P11D(b) which is the employer's declaration that all required P11Ds have been submitted and the Class 1A National Insurance return. Form P11D(b) should still be submitted even if all benefits in kind have been payrolled.

If an employer receives a P11D(b) from HMRC but has nothing to declare, they must still complete a nil declaration to avoid triggering a penalty.  This can be done online at https://www.gov.uk/government/publications/paye-no-return-of-class-1a-national-insurance-contributions

20/05/2019