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  • Writer's pictureGiraffe Accountants

Important Reminder: P11D Deadline Approaching

Updated: Jun 30

The P11D deadline is fast approaching! Employers need to submit their P11D forms by 6th July to report any expenses and benefits provided to employees. At Giraffe Accountants, we’re here to help you navigate this process smoothly and ensure compliance with all regulations.

Understanding P11D Forms

What is a P11D Form? A P11D form is used to report benefits and expenses provided to employees, such as company cars, health insurance, and travel expenses. It's essential for both employers and employees to understand the implications of these benefits on their tax liabilities.

Key Points to Consider:

  1. Types of Benefits to Report:

  • Company Cars and Fuel: Report the value of the car and fuel provided to employees for private use.

  • Private Medical Insurance: Include the cost of private medical insurance premiums.

  • Loans: Report loans over £10,000 made to employees at beneficial rates.

  • Travel and Entertainment: Include expenses for business travel and entertainment not reimbursed through payroll.

  1. Class 1A National Insurance Contributions: Employers are required to pay Class 1A National Insurance contributions on the value of the benefits provided. Ensure you calculate and report these contributions accurately.

  2. Record Keeping: Maintain detailed records of all expenses and benefits provided. This will not only simplify the P11D reporting process but also ensure compliance in case of an HMRC audit.

  3. Common Mistakes to Avoid:

  • Late Submission: Ensure you submit the forms by the deadline to avoid penalties.

  • Incorrect Valuation: Accurately assess the value of benefits provided to avoid underreporting.

  • Incomplete Information: Ensure all relevant benefits and expenses are reported.

Tips for Smooth P11D Submission

  • Start Early: Don’t wait until the last minute. Begin gathering the necessary information and documents well in advance.

  • Use Software: Consider using accounting software to track and report expenses accurately.

  • Seek Professional Help: If you're unsure about any aspect of the P11D process, consult with a professional accountant. At Giraffe Accountants, we offer expert advice and support to ensure your forms are completed correctly and on time.

Get in Touch

Stay ahead of the deadline and avoid last-minute stress by reaching out to us today. Our team at Giraffe Accountants is ready to assist you with your P11D forms and all your accounting needs.

Contact Us: For more information and personalised advice, contact us at or call 01243 972 449.

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P11D important reminder document



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