P11D Submission and Filing Service - Affotax

At Affotax, we simplify the process of P11D submission and ensure your UK business stays compliant with HMRC regulations. The P11D form is crucial for reporting benefits in kind, such as UK company cars, private medical insurance, and other perks provided to employees. Our expert service helps you file P11D online, avoiding penalties and ensuring accurate reporting.

P11D Submission Deadline

The deadline for submitting P11D online to HMRC is July 6th each year, following the end of the tax year. For example, for the tax year ending April 5th, 2024, the deadline is July 6th, 2024. Missing this deadline can result in penalties for both the employer and employees.

Affotax assists you in filing your P11D online before the deadline, ensuring everything is processed efficiently and accurately. Employers must also provide employees with their P11D copies by this date, giving them time to review the information and resolve any discrepancies before HMRC processes the data.

What Does the P11D Form Include?

When you file P11D online, you must report various benefits in kind provided to employees. These include:

• Assets transferred to employees
• Vouchers or credit cards provided to employees
• Living accommodation benefits
• Company cars and fuel provided
• Vans and van fuel
• Payments for private medical insurance
• Low or interest-free loans
• Non-business-related expenses paid on behalf of employees

Since 2016, employers have been able to payroll most taxable benefits, reducing the need to report them on the P11D form. However, certain benefits still require inclusion when submitting P11D online, such as living accommodation and beneficial loans.

How Is Tax Calculated on P11D Benefits?

The value of benefits in kind is added to an employee’s salary, which can impact their tax bracket. Benefits like company are calculated based on factors such as the car’s list price, CO2 emissions, and personal usage. By submitting your P11D online with Affotax, we ensure that the taxable value of your benefits is calculated correctly, helping you avoid surprises and stay compliant.

Who Pays P11D Tax?

For payrolled benefits like private medical insurance or UK company, the tax is often handled under PAYE.

Non-payrolled benefits reported on the P11D form, however, may require adjustments to the employee’s tax code or submission via Self-Assessment. Additionally, employers must pay Class 1A National Insurance Contributions (NICs) on non-payrolled benefits.

Affotax helps you file your P11D online and ensures that all tax and NIC obligations are met.

Contact Affotax Today

If you're looking for help to file P11D online or need assistance in staying compliant with benefit reporting rules, contact Affotax today. Our experienced team will manage all your P11D online filing needs, ensuring accurate and timely submissions for your business.