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Important reminder for employers: the P11D deadline is 6th July 2016.

The forms P11D, and where appropriate P9D, which report details of expenses and benefits provided to employees and directors for the year ended 5 April 2016, are due for submission to HMRC by 6 July 2016.

The process of gathering the necessary information can take some time, so it is important that this process is not left until just before the P11D deadline and that you start preparing now if you have not already done so.

Employees pay tax on benefits provided as shown on the form P11D, either via a PAYE coding notice adjustment or through the self assessment system. In addition, the employer has to pay Class 1A National Insurance Contributions (NIC) at 13.8% on the provision of most benefits. The calculation of this liability is detailed on form P11D(b).

The deadline for payment of the Class 1A NIC is 19th July (22nd for cleared electronic payment).

For help with the completion of your forms P11D or the calculation of the associated Class 1A NIC, please get in touch .

More from our tax experts

You can find all of our latest tax articles and tax resources here.

If you are looking for advice in a particular area, please get in touch with your usual Hawsons contact.

Alternatively, we offer all new clients a free initial meeting to have a discussion about their own personal circumstances – find out more or book your free initial meeting here. We have offices in Sheffield, Doncaster and Northampton.

Craig Walker is a senior tax manager at the firm. He advises on all matters tax related, both corporate and personal, including income, capital gains and inheritance. For more details and advice, please contact Craig on [email protected] or 0114 266 7141.

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5 Sidings Court, White Rose Way, Doncaster, DN4 5NU

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Sheffield

0114 266 7141

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01302 367 262

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01604 645 600

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