As we approach the 6 July deadline, it’s time to start thinking about P11Ds – the forms used to report expenses and benefits provided to employees and directors.
Whether it’s company cars, private medical insurance, or interest-free loans, any taxable benefit not processed through payroll needs to be reported on a P11D. And let’s not forget the accompanying P11D(b) form for declaring Class 1A National Insurance contributions.
📌 Key Dates to Remember:
- 6 July 2025 – Deadline for submitting P11Ds and giving employees their copy
- 22 July 2025 – Deadline for paying Class 1A NIC electronically
💡 A few pro tips:
- Double-check your benefits policies and payroll records early
- Ensure any salary sacrifice arrangements are correctly accounted for
- Don’t assume HMRC will remind you – it’s your responsibility to file on time
Need help getting your P11Ds in order? It’s never too early to get expert advice and avoid last-minute headaches (and penalties!).
Feel free to reach out if you’d like to review your benefits reporting process.
T: 01483 970 410