At the end of the tax year you’ll need to submit an end-of-year form to HM Revenue and Customs (HMRC) for each employee you’ve provided with expenses or benefits. The form will either be a P9D or a P11D, depending on the expense or benefit.
You may need to submit form P11D(b) to report the amount of Class 1A National Insurance due on all the expenses and benefits you’ve provided. You should do this if:
- you’ve submitted any P11D forms
- you’ve been sent a P11D(b) form by HMRC
If you don’t submit any P11D forms but you've been sent a P11D(b) by HMRC to complete, you can tell HMRC that you don’t owe Class 1A National Insurance by completing a declaration.
The deadlines are as follows:
|What you need to do||Deadline|
|Submit your end-of-year forms (P9D and P11D) online to HMRC||6th July|
|Give your employees a copy of the information on your forms||6th July|
|Tell HMRC the total amount of Class 1A National Insurance you owe on form P11D(b)||6th July|
|Pay any Class 1A National Insurance owed on expenses or benefits||Must reach HMRC by 22nd July (19th July if you pay by cheque)|
Your local TaxAssist Accountant would be happy to help you prepare you expenses and benefits forms. Please feel free to contact us for more information about the services we can provide.
By Jo Nockels
Disclaimer: The information provided is based on current guidance (at date of publication) from HMRC and may be subject to change. Any advice shared here is intended to inform rather than advise. Taxpayer's circumstances do vary and if you feel that the information provided is beneficial it is important that you contact us before implementation. If you take, or do not take action as a result of reading this information, before receiving our written endorsement, we will accept no responsibility for any financial loss incurred.