14/08/2023
What is a P11D Form❓
P11D is a form or document used by employers to report HMRC about certain benefits in kind, expenses and facilities paid or given to employees or directors to pay tax on. Employers issue this form at the end of each tax year. This statutory form is required by the tax office to show the amount of your year-end expenses, also known as company benefits.
The P11D form allows employers to tell the worth of employment benefits to HMRC on the annual Self-Assessment return. As company benefits increase employees’ salaries, so they may be liable for NICs on them. However, bear in mind that NICs will be paid by the company, not the individual.
Need help with filing the P11D form? Give us a call on 020 8144 9611 or email [email protected].
