Expenses and Benefits to report on P11d.

A quick guide to reporting expenses and benefits on P11d’s.

Expenses & Benefits

Have you paid any Employees or Directors any benefits or expenses during the tax year to 5 April 2017 that need to be reported on a P11d? Now it the time to review any such payments as they will need to be reported on a P11d form by 6 July 2017 and any Class 1A National Insurance calculated and paid to HMRC by 22 July 2017 (19 July if paying by cheque).

Examples of benefits are as follows:

  • Car and Fuel
  • Private Medical
  • Overdrawn Director Loan Accounts

A useful guide can be found by clicking this link.

Should you require any assistance with the completion and calculation of your P11d year-end returns, then do get in touch and we will be happy to help.