Form P11d – Reporting Employee Benefits

If you are an employer and are operating a PAYE payroll scheme, you will need to consider whether you provide any benefits to your employees, which would be required to be reported via a Form P11d. Common examples include the use of a motor vehicle, health insurance or the use of accommodation. Some companies also neglect to include staff loans they’ve made or overdrawn Director’s Loan Accounts. The P11d forms have to be submitted to HMRC by 6th July, with any Class 1A National Insurance Contributions being due for payment by 19th July. If you are unsure or require assistance with this, please contact Matthews Hanton, as we will be happy to assist you.