P11D Forms Must be Submitted to HMRC by 6th July 2013 - A List of Common Benefits


Employers should note that forms P11D (return of expenses payments and benefits for the year ended 5th April 2013) must be submitted to HM Revenue and Customs by 6 July 2013 and any consequent class 1a NIC paid by 19th July.

There are penalties for missing the deadline and HMRC now routinely pursue these.

If you submitted forms  P11D  last year, you should automatically receive a notice to make a return.

If you do not receive a notice, but think forms P11D may be required, you should contact your engagement Partner or our Tax Department without delay. Alternatively, complete a quick enquiry form and we will endeavour to answer your questions.

The most common forms of Benefits which need to be shown on the forms are set out on the list below. This is not an exhaustive list - these are the most common entries:

Motor Vehicles:

  • Company cars
  • Fuel for private motoring
  • Personalised number plates
  • Private use of company vans

Travel & Subsistence:

  • Hotel bills, fares and travel costs
  • Mileage allowances for employees' cars above approved limit

Accommodation:

  • Use of a house or flat owned or rented by the employer

Medical Insurance Premiums:

  • Premiums on policies in employer's name

Assets:

  • Use of assets owned by employer (exception for mobile telephones)
  • Assets transferred or sold cheaply to employee

Loans:

  • Loans by employer unless interest charged at commercial rate
  • Overdrawn director's loan account

Payments of employees' liabilities (may also attract class 1 NIC):

  • Home telephone/internet costs
  • Medical or life insurance where policy in employee's name
  • Golf club, private members' club, gym etc. subscriptions

Entertainment:

  • All costs except those of entertaining staff
  • Includes costs relating to sports events

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