The P11D forms must be filed every year and the deadline for P11D is 6th of July following the last part of the tax year (for example for April 2017 – April 2018 the forms must be filed by 6th of July 2018). It is mandatory for every employer to file P11D forms.
P11D is a statutory form required by HMRC (Her Majesty’s Revenue and Customs) from UK based employers, that detail all the benefits and expenses they have provided during the tax year to all employees and directors who earn more than £8,500 per year.
The details that need to be included on every P11D form are:
- Employer reference
- Employees full name
- Employees National Insurance Number and Date of Birth(DOB) and gender
- List of every benefit and expenses provided to the employee
The most common expenses and benefits to be included are:
- Company cars, vans and motorcycles (including private car mileage allowances and fuel)
- Payments for use of home telephones
- Mobile telephone usage and reimbursements
- Private medical insurance, subscriptions and professional fees
- Living accommodation
- Interest-free and low interest loans (below 3%)
NB! If HMRC has not received the completed P11D form by the 19th July a fine will be incurred. Penalties will accumulate for each month the return amount remains outstanding. The usual penalty fee is £100 per 50 employees for every month.
