04. Nov 2019 |

What is a P11D Form and What is it Used for?

A P11D form is a type of document that employers use to inform HMRC about any benefits their employees receive. It tells HMRC what cash equivalents you receive along with any expenses. HMRC need to know what your employer has provided you with during the tax year. They need to know what the company directors and anyone earning more than £8,500 a year receive.

  1. What is a P11D Form Used for?
  2. When will I Receive a P11D?
  3. How does a P11D Affect What Tax you Pay?
  4. What if I’ve Lost my P11D?
  5. What if I Don’t Receive a P11D?
  6. What about a P9D?
p11d form
A P11D form is a type of document that employers use to inform HMRC about any benefits their employees receive. It tells HMRC what cash equivalents you receive along with any expenses. (© pexels.com)

A P11D form tells HMRC about all of the extras you get in addition to your monthly pay. These extras include company cars, medical care and expenses. Employers don’t have to mention everything but the list of the items that need to be declared is quite long.

What is a P11D Form Used for?

A P11D form details the benefits and expenses that you might have to pay tax on. This form is very relevant to employers who have to submit this form every year. Some of the benefits include:

  • Accommodation
  • Assets transferred
  • Beneficial loans
  • Childcare costs
  • Company cars
  • Company vans
  • Costs of private medical insurance
  • Expenses payments made on a credit card
  • Expenses payments not made on a credit card
  • Fuel for the company cars
  • Fuel for private cars
  • Home telephone bills
  • Mileage allowances of company cars
  • Mileage allowances for private cars
  • Motorcycles
  • Taxis
  • Working from home

A P11d might also include any benefits that you pay for if you use the Salary Sacrifice Scheme. However, these benefits will only be included if the benefits have to be taxed.

When will I Receive a P11D?

You should receive a P11D from your employer by the 6th of July and following the end of the last tax year.

You will need to keep the form as you will have to supply it if you need to submit a tax return.

How does a P11D Affect What Tax you Pay?

Any benefits that are taxable or any expenses that you have received from your employer can be offset. This is used against your tax code. Your tax code is found on your P45. What this means is that you might find you’re paying more tax every month. However, you should check your tax code to make sure that you are paying the right amount. You should also check the coding notice when HMRC send it. If you do think you are paying more or less tax than you should, it’s up to you to tell HMRC.

What if I’ve Lost my P11D?

If you have lost your P11D you can get a replacement. A lot of people do not realise that you can get a replacement as it’s one of the only forms you can get a replacement for. Your employer can usually give you a new P11D, however, if they are unable to, HMRC can.

What if I Don’t Receive a P11D?

If your employer has not given you a P11d form do not worry, they do not have to provide you with one. However, they do need to tell you how much the benefits you have received is worth. They will have to break it all down for you, so you know exactly how much you’ve received in accommodation, assets transferred and beneficial loans etc.

You will not be given a P11D form if the tax you owed on your benefits has been paid by your employer.

What about a P9D?

A P9D is a form that used to be given to those who were earning less than £8,500 a year. However, this form stopped being supplied in 2015.

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