The deadline for submitting the 2022-23 forms P11D, P11D(b) and P9D is 6 July 2023. The forms can be submitted using commercial software or via HMRC’s
PAYE online service. Employees must also be provided with a copy of the information relating to them on these forms by the same date. P11D forms are used to provide information to HMRC on all
Benefits in Kind (BiKs), including those under the
Optional Remuneration Arrangements (OpRAs) unless the employer is including such benefits through their payroll.
This payroll process is known as payrolling and removes the requirement to complete a P11D for the selected benefits. However, a P11D(b) is still required for
Class 1A National Insurance payments regardless of whether the benefits are being reported via P11D or payrolled. The deadline for paying Class 1A NICs is 22 July 2023 (or 19 July if paying by cheque).
Where no benefits were provided from 6 April 2022 to 5 April 2023 and a form P11D(b) or P11D(b) reminder is received, employers can either submit a 'nil' return or notify HMRC online that no return is required. Employers should ensure that they complete their P11D(b) accurately, including all the details of cars and loans provided. There are penalties of £100 per 50 employees for each month or part month a P11D(b) is late. There are also penalties and interest if for late payments.
Any tax or
Class 1B National Insurance due for 2022-23 under a PAYE Settlement Agreement (PSA) needs to be paid electronically to clear into HMRC’s bank account by 22 October 2023 (19 October 2023 for payments by cheque). This does not need to be reported on a P11D.
HMRC’s guidance has been updated to remove any references to paper P11D and P11D(b) forms which are no longer accepted (since 6 April 2023).
Our team of experienced professionals can guide you through the entire process, ensuring that all necessary details are included, and deadlines are met. We can help you identify the taxable benefits and expenses that should be reported on your P11D form, and ensure that all calculations are accurate and compliant with HMRC regulations.