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p11d

Covid-19 and benefits in kind – Matters to consider when reporting expenses and benfits in kind on P11Ds for 2020/21

There are many expenses and benefits in kind which will need to be reported, however there are some exemptions for expenses associated with working from home. 

Prepare benefit in kind returns to HMRC

Employers that provide any form of taxable benefit to clients will need to prepare and file P11D returns to HMRC. The deadline to file your returns is the 6 July 2021.

TAX DIARY JUNE & JULY 2021

Important dates for your tax diary in June and July 2021.

Tax Diary July

July is a very busy time in the tax calendar, with critical filing dates.

Tax Diary July

July is a very busy time in the tax calendar, with critical filing dates.

Valuable information on P11D's

Employee expenses and benefits – employer reporting requirements If you’re an employer you  need to submit an end-of-year report to HM Revenue and Customs (HMRC), for each employee and director you’ve provided with non-business expenses or benefits in kind.  The report is made on a form P11d.  

Valuable information on P11D's

Employee expenses and benefits – employer reporting requirements If you’re an employer you  need to submit an end-of-year report to HM Revenue and Customs (HMRC), for each employee and director you’ve provided with non-business expenses or benefits in kind.  The report is made on a form P11d.  

Expenses and benefits for employees

Until 2015-16, it was possible to apply for a dispensation to exclude certain expenses and benefits provided to employees from the year end returns to HMRC: primarily the submission of forms P11D. These dispensations ceased to be effective from 6 April 2016. From this date many of the expenses covered by dispensations were exempted from the benefits legislation. The sorts of expenses covered include:  

Expenses and benefits for employees

Until 2015-16, it was possible to apply for a dispensation to exclude certain expenses and benefits provided to employees from the year end returns to HMRC: primarily the submission of forms P11D. These dispensations ceased to be effective from 6 April 2016. From this date many of the expenses covered by dispensations were exempted from the benefits legislation. The sorts of expenses covered include: