P11D Services

Don’t Dread the 6th of July

We all look forward to the summer each year, but do you dread July 6th and touching base with HMRC?

What happens on July 6th? All employers must notify HMRC of any expenses and benefits provided to directors and employees in the previous tax year. Reporting is made through the annual submission of P11D forms which record expenses and benefits, from Accommodation, beneficial loans over £10k, company vehicles and fuel to company perks such as: gym membership, medical insurance and non-cash vouchers.

we do the work for you

MCL Payroll are able to oversee the process on your behalf. We help you to avoid potential penalties for late submission and incorrect calculations, and ensure everything is handed over to HMRC on time, every time.

As a result, businesses can often find it difficult to meet with the deadlines and demands of completing the annual P11D submission.

Nonetheless, since April 2016 employers have been given the option of processing benefits through the payroll each pay period. However, many businesses choose to operate via their traditional P11D.

efficient submission

Once we have received the relevant information regarding your submission, passed onto us to calculate and produce, we then submit all documents on your behalf. In the meantime we ensure important documents are stored together within a secure location and with easy access.

Please feel free to get in touch about our P11D service by submitting the form on this page or on our contact page, or call with your enquiry today and speak directly with a member of our team.

P11D FAQS

What is a P11D?

P11D forms are used to report benefits in kind. Benefits in kind are any services that employers and employees receive from the company which are additional to salary and wages. For example, company cars and private healthcare.

Benefits in kind need to be reported using the P11D form to be reported back to HMRC on an annual self assessment return.

Who is responsible for filing a P11D?

P11D forms are always filed by the employer, and are not necessary to be filed by an employee. However, this is different if you are a freelancer or contractor.

When do I need to file a P11D?

P11D forms must be filed by the 6th July following a tax year in question. For example, your P11D for the tax year running the 6th April 2020 to 5th April 2021, must be filed by the 6th July 2021.

What are the penalties for not filing a P11D?

By not filing a P11D form and returning to HMRC by the specified deadline, penalties can be implemented for every month which the return remains outstanding.

These penalties can be calculated at £100 per 50 employees for every month or part month.