P11D and P11D(b) Filing and Payments

P11D and P11D(b) Filing and Payments

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P11D forms report expenses and benefits given to employees and directors through the tax year

If you paid any benefits or expenses (which are not exempt), you need to file a P11D(b). You need to send a P11D for each employee in receipt of benefits or expenses, unless you have pre-registered to report/tax expenses through payroll before the beginning of the tax year.

If you registered for payrolling expenses part way through the tax year, you must still complete a P11D, stating clearly which expenses/benefits have already been taxed, in order to tell HMRC how many class 1A National Insurance contributions are due. Find out more about payrolling expenses.

The deadline for reporting any Class 1A National Insurance contributions (NICs) that you owe for the tax year ending 5 April 2020 is  6th July 2020.

It is worth noting that HMRC have not granted any extensions to this date as a result of Covid-19.

Class 1A National Insurance Contributions must be paid by 22nd July (19th July if you pay by cheque). The April edition of the Employer Bulletin issued by HMRC, gives detailed instructions on how to do this.

Accurate Expense Tracking Tools

If you approach this time of year with a feeling of dread, at the amount of paperwork involved, then perhaps it is time to consider automating expenses? MyExpenses offers comprehensive reporting tools to assist with P11D’s. Take a look at the MyExpenses reporting capabilities.

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