A guide to employee benefits that must be reported on a P11D:
The P11D is used to tell HMRC about the cash value of any expenses and benefits that don’t go through payroll.
Anything the company pays for or buys for the direct benefit of an employee should be included.
The most common benefits that are reportable on a P11D include:
You don’t have to report certain business expenses and benefits like business travel & entertaining, phone bills, uniform & tools for work as long as you are re-imbursing in one of the following ways:
The deadline to submit a P11D for 2020/21 is 6th July 2021.
If you need any advice on employee benefits or think you may have to submit a P11d, please get in touch.