The P11D form is utilised by employers to document specific “benefits in kind” provided to directors or employees. It serves as a means to report all Benefits in Kind (BiKs), including those falling under the Optional Remuneration Arrangements (OpRAs), unless the employer has opted to payroll the benefits.
Payrolling refers to the practice of registering benefits for inclusion in regular payroll, eliminating the need to complete a P11D form for those selected benefits. The P11D form is submitted annually to HM Revenue and Customs (HMRC).
For the 2022-23 tax year, the deadline for submitting the P11D form is 6th July 2023. Employers can submit the form using commercial software or through HMRC’s PAYE online service. HMRC no longer accepts paper versions of the P11D and P11D(b) forms. Employers must also provide employees with a copy of the information relating to them on these forms by the same date.
A P11D(b) form is still required for Class 1A National Insurance contributions, regardless of whether the benefits are being reported via P11D or payrolled. The deadline for paying Class 1A NICs is 22nd July 2023 (or 19th July if paying by cheque).
In cases where no benefits were provided between 6th April 2022 and 5th April 2023, and an employer receives a P11D(b) or P11D(b) reminder, they can either submit a “nil” return or notify HMRC online that no return is necessary. It is essential for employers to accurately complete their P11D forms, including all details of cars and loans provided. Late submission of a P11D(b) form incurs penalties of £100 per 50 employees for each month or part month that it is overdue. Late payments are also subject to penalties and interest.
Any tax or National Insurance contributions due for the 2022-23 tax year under a PAYE Settlement Agreement (PSA) must be electronically paid to HMRC’s bank account by 22nd October 2023 (or 19th October 2023 for payments by cheque). These payments do not need to be reported on a P11D form.
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