A P11D is a form that is completed at the end of the Tax year to record expenses and benefits that have been provided to your employees (or to you as a director). You must complete the P11D form for each employee that has received expenses and/or benefits during the tax year. In addition, you must also complete another form – a P11D(b) – to declare the overall amount of class 1 NICs (national insurance contributions) owed for all expenses and benefits paid.
These forms must be submitted to HMRC by July 6th so if you haven’t completed yours yet, you can complete the forms electronically here or, alternatively, you can manually complete and post the forms to HMRC. Your payment of the class 1 NICs owed to HMRC is due by 22nd July or 19th July if you are sending payment by cheque.
Top tip: don’t get confused with a P9D form – these are only to be completed when the employee’s earnings are below £8500 a year.
For further guidance on completing these forms, we recommend speaking with your accountant or a financial advisor. You can also find more information on HMRC’s website.