P11d Dispensation Agreement
Understand HMRC dispensation agreements, why they were necessary as well as how to apply for one with HMRC.
P11d Forms and Filing
When employers provide their employees with certain types of benefits, extra tax needs to be paid on the cash value of the perk provided. Here you’ll find out how tax is paid on benefits and how to report to HMRC using P11d forms.
Benefits in Kind
Understand HMRC benefit in kinds (BIK), what counts as a taxable benefit for payroll (along with examples) and exemptions available for certain types of expenses that can be provided tax-free.
P11d Form Basics
Get to know P11d and P11d(b)forms, which employers need to submit to HMRC with details of benefits provided and what information is contained on them.
- What is a P11d Form?
- What is a P11d(b) Form?
- How to Submit P11d Forms Online
- How to Submit a Form P11d(b) Online
P11d Sections
What is a P11d Form?
Understand the P11d form, an example, who needs to fill it in as well as which tax and national insurance HMRC will expect to be paid.
How to Submit P11d Forms Online
Find out how to submit P11d forms online, where to find the form online and how to calculate P11d cash values.
Section A – Assets Transferred – P11d
Section A – Assets Transferred – covers the cash value of assets transferred from an employer to an employee or director.
Section B – Payments on Behalf of Employees – P11d
P11d Section B Payments Made on Behalf of the Employee relates to any amounts that should have been paid by an employee but were paid by the business instead.
Section C – Vouchers and Credit Cards – P11d
Section C of the P11d form covers the cash value of payments made to employees in the form of vouchers or via company credit cards for personal expenses by the employer.
Section D – Living Accommodation – P11d
P11d Section D Living Accommodation relates to the cash equivalent of any payments made for living accommodation provided to employees.
Section E – Mileage Allowance – P11d
P11d Mileage Allowance Section E should contain the amounts of any excess mileage allowance payments made.
Section F – Car Tax and Car Fuel – P11d
Section F of the P11d form covers the cash value of company cars and fuel provided to employees that they use personally, as well as for work reasons.
What is a P11d(b) Form?
A P11d(b) form is completed by Employers who provide their employees with taxable benefits. The form summarises for HMRC the total value of all the different types of benefits provided by an employer, as well as the tax they need to pay HMRC.