Form P11D
HMRC has made changes to the reporting procedures for employers for expenses and benefits they provide to their employees. Previously, as an employer you have been able to use an interactive PDF version of Form P11D on which you enter details of reportable benefits and expenses for each of your employees. You could then print and submit the forms to HMRC. Alternatively, you could use HMRC’s dedicated P11D online service. Both these options have been discontinued, except for employers who do not have access to HMRC’s online services. Instead, from 6 April 2022, employers will need to report expenses and benefits through their “PAYE online for employers” accounts. The new service will allow you to:
- make P11D submissions for up to 500 employees; and
- report employees using company cars.
Tip. If you don’t want to use HMRC’s new service, P11Ds can instead be completed and submitted online using one of the many commercial apps on the market.
You must now complete and submit benefits and expenses returns for your employees through your “PAYE online for employers” accounts or by using commercial software. The only exception is for employers who are unable to access HMRC’s online services.
This article has been reproduced by kind permission of Indicator – FL Memo Ltd. For details of their tax-saving products please visit www.indicator-flm.co.uk or call 01233 653500.