What is a P11D form?

April 4, 2022 11:26 am Published by

P11D Forms

The start of the new tax year means that its almost time to submit P11D forms.

In this article, we will be telling you all you need to know about these forms and the submission deadline date.

What is a P11d form?

A P11D is a form is used to report benefits in kind. These are benefits that employees have received in addition to their usual salary in the tax year. Benefits in kind are services/items which you (or your employees) may have received as well as your salary. These ‘Benefits in kind’ include things like:

  • Private healthcare
  • A company car
  • Assets provided to an employee that have significant personal use
  • Gym memberships
  • Home phones with personal use
  • Non-business travel expenses

When is the submission deadline?

P11Ds must be submitted by July 6th 2022. (following the end of the tax year.) P11Ds must be submitted by an employer, not the employee.

How can Spectrum help?

To conclude, you can call us anytime on 01179 902218 or drop us an email at hello@spectrum-accountancy.co.uk and we will get back to you as soon as we can. Our clients are fully supported when completing P11D forms. They can call us whenever, or arrange an appointment to discuss any queries they may have regarding P11Ds.

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This post was written by Daisy Vowles

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