Employee Benefits
The reporting of Employee Benefits covers the annual P11D and P11D(b) forms that declare the value of any benefits in kind provided to company directors or employees (such as company cars, private health insurance, or other perks).
What are Employee Benefits?
If your company provides benefits or expenses to directors or staff outside of normal salary payments, HMRC requires an annual declaration using form P11D. These benefits, known as benefits in kind, are taxable and must be recorded accurately. Common examples include company vehicles, fuel allowances, private medical cover, interest-free loans, and reimbursed personal expenses.
Each individual who receives a benefit requires their own P11D form, and the company must also file a P11D(b) to summarise all benefits and pay Class 1A National Insurance on the total value. The deadline for both forms is 6 July following the end of the tax year, with payment of any Class 1A NIC due by 22 July.
While regular payroll (RTI, FPS, EPS) covers salary and tax deductions, P11D reporting is a separate annual process.
The data reported in a P11D is reflected automatically in the recipient’s Self Assessment Tax Return (SA100) under the employment income section, keeping both company and individual records aligned.
Integrated Reporting
We coordinate benefit submissions with your Payroll and Self Assessment for full data consistency.
Accurate Compliance
We ensure your forms are prepared correctly and submitted before the statutory deadline.
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