What is P11D?
P11D reports certain taxable benefits and expenses provided to employees and directors. Some benefits can be taxed through payroll if the employer is registered for payrolling.
Benefits records
Keep details of the benefit, recipient, availability, cost, business purpose and any employee contribution. Review benefits throughout the year.
Year-end reporting
Complete the required P11D and P11D(b) reporting, or payroll the benefits where the approved process applies. Check the current deadlines before submitting.
Official sources.
Check the current guidance before you rely on a rate, threshold, deadline or relief.
Need help with benefits reporting?
Swift Accountancy can help organise benefit records and prepare the payroll or P11D information required.
Discuss benefits reporting