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The forms P11D and where appropriate P9D,
which report employees and directors
benefits and expenses for the year ended 5
April 2009, are due for submission to HMRC
by 6 July 2009. The process of gathering
the necessary information can take some
time so it is important that this process
is not left to the last minute.
Employees pay tax on benefits provided as
shown on the P11D, either via a PAYE
coding notice adjustment or through the
self assessment system. In addition, the
employer has to pay Class 1A National
Insurance Contributions (NIC) at 12.8% on
the provision of most benefits. The
calculation of this liability is detailed
on the P11D(b) form.
HMRC have advised that they will
shortly start sending out paper forms
P11D(b) - Return of Class 1A NICs. The
forms should be issued by 15 June 2009.
Those employers who filed electronically
last year will receive an electronic
reminder as opposed to a paper form.
Payslips will be issued to employers
regardless of how the form is to be
submitted.
This year HMRC have introduced a new
quality standard for P11Ds that are
submitted on paper, setting out how
employers must complete the form and what
information must be included. Failure to
complete forms in accordance with the
standard may result in the forms being
rejected by HMRC and may result in a
penalty. For more information on these
issues please use the links below.
If you would like any help with the
completion of forms P11D or the
calculation of the Class 1A liability
please get in touch.
Internet links:
HMRC P11D guidance
HMRC P11Db guidance
HMRC notice |
