A P11D is a statutory form required by HMRC from UK based employers detailing the cash equivalents of benefits and expenses that they have provided during the tax year to their Directors and Employees earning at the rate of more than £8,500 per year.
Some employers were able to get a Dispensation from HMRC for certain expenses so they did not need to report these on the P11D. This is the last P11D filing where Dispensations are relevant as they have been replaced by Expenses Exemptions for the new Tax Year 2016/17.
There are currently 14 sections on the P11D ranging from ‘Payments made on behalf of the employee’ through to ‘Beneficial Loans’, ‘Car and car fuel’ and ‘Expenses’. Any employee that falls under any of these 14 categories must be issued with a P11D and the employer must submit a P11D(b) detailing how much Class 1A NIC they are liable for due to benefits provided to employees. If no Class 1A NIC is due then a Nil return must still be filed.
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