{"id":1758,"date":"2020-10-02T10:21:07","date_gmt":"2020-10-02T10:21:07","guid":{"rendered":"https:\/\/www.wizzaccounting.co.uk\/blog\/?p=1758"},"modified":"2022-11-20T12:08:03","modified_gmt":"2022-11-20T12:08:03","slug":"p11d-guide-for-employers-p11d-expenses-and-benefits-in-kind","status":"publish","type":"post","link":"https:\/\/www.wizzaccounting.co.uk\/blog\/p11d-guide-for-employers-p11d-expenses-and-benefits-in-kind\/","title":{"rendered":"P11D Guide For Employers: P11D Expenses and Benefits in Kind"},"content":{"rendered":"

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There is a lot of jargon to learn when you run a business, and many different forms you need to fill out to make sure that you abide by HMRC rules and regulations.<\/p>\n

Here we will explain everything you as an employer need to know about P11D expenses and benefits in kind, so that you can make sure you have everything covered.<\/p>\n

P11D Explained…<\/strong><\/em><\/p>\n

What is a P11D?<\/h2>\n

A P11D form is used to report benefits in kind to HMRC. These are employee or director benefits that are received in addition to an annual salary and have not been subject to PAYE tax.<\/p>\n

Benefits in kind effectively increase the value of an employee\u2019s earnings but unlike their normal salary, these benefits have not been subject to PAYE deductions. In these cases, a P11D form is submitted to HMRC to declare this extra income.<\/p>\n

The P11D form must show the amount of any additional tax or Class 1A National Insurance due on the expenses and benefits.<\/p>\n

Do I need to submit a P11D?<\/h2>\n

If you provide your employees with staff benefits such as gym memberships or dental care plans, you will need to submit a P11D form.<\/p>\n

If no benefits have been paid during the tax year ending 5th April then you can either:<\/p>\n