P11Ds

A P11D is the form used to report expenses and benefits given to directors and staff which have not been subject to PAYE. These are due to be submitted by 6 July each year and the relevant Class 1A NICs payable by 19 July.

Some examples of taxable benefits are:

• Cars, vans and fuel provided by the company and available for private use

• Private medical and dental insurances paid by the company

• Mileage allowance paid in excess of HMRC approved rates

• Low rate or interest free loans

• Assets placed at your disposal

• Payments made on your behalf

• Living accommodation provided for you

• Professional fees & subscriptions - some may be exempt

We can guide you through the P11D process, and advise on the relevant tax rules in respect of benefits in kind with you. If there is anything that you need help with, just let us know.

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