HMRC P11D what are they

A P11D is a form which employer’s use to report benefits in kind. These are items or services which an employer or employees receive from the company in addition to their salary.

As benefits in kind increase the employers/employee’s salary, they may be subject to National Insurance contributions.

It is important to know these contributions are paid by the company, not the individual.

Any items the company pays for that the employee benefits from need to be included on the P11D form.  

It is important to know that it is the employer that files the P11D not the employee.

The below need to include in a P11D if it applies to the company: –

  • Company cars
  • Health insurance
  • Loans
  • Non-business travel expenses
  • Non-business entertainment expenses
  • Assets provided to an employee that have significant personal use
  • Self-Assessment fees paid by the company

Before April 2016, expenses could be omitted from P11D forms by obtaining a special dispensation from HMRC.

This has now been replaced by an exemption system, whereby the majority of business expenses incurred personally by company employees no longer need to be recorded on a P11D. Please see exempt expenses below:

  • Business Travel
  • Business entertainment expenses
  • Credit cards used for the business
  • Fees and subscriptions

This year 2018/19,  the P11D’s need to be submitted by 6th July 2019, it is important that they are submitted by the deadline to avoid penalties. If this is something you think your company may need TI Accountancy can help with this.

Thanks Kelly