Payroll & Year End

The deadline for Class 1A National Insurance payments is 19th July by post, and 22nd July if paying electronically.

No. There is a set list of certain benefits or expenses, which are not considered benefits in kind.

Some employee benefits are exempt from tax and not considered benefits in kind. The most common include company mobile phones, pension contributions and ‘trivial’ benefits valued at less than £50.

A P11D (b) is the form that is sent in to HMRC alongside the P11D showing any additional tax or Class 1A National Insurance due on the expenses and benefits.

These are expenses which the business incurs directly but have a personal benefit to you. For example, if the business has paid for your personal gym membership.

You are required to report your benefits in kind and record these benefits of employment on your self-assessment return, therefore there may be additional tax to pay.

You will not require a copy of a P11d form as there are no benefits in kind to report. You company however is still obliged to confirm to HMRC that there are no benefits in kind to report and no Class 1A National Insurance to pay as part of the P11d process.

Yes. Once you are satisfied that the information on the P11d is correct, Brookson as your tax agents will submit these forms on your behalf in time for the annual 6th July deadline.

Completing a P11d for a director and employees who are in receipt of company benefits or expenses is a necessity and there are serious consequences for failing to comply including penalties based on a percentage of lost revenue.

If your company car (owned, leased or hired by the company) is available to you for personal use, then a benefit in kind arises and is taxed on your personally. This FAQ helps you calculate this tax.