How to avoid doing a P11D…

Author: Russell Smith
June 24, 2015

P11D forms are due to be submitted to HMRC on 6 July.

You do need to complete a P11D if you have any ‘benefits-in-kind’.  This is where your company pays taxable expenses on your behalf such as company cars and/or private healthcare.

You then have to pay income tax on these benefits.

However, there are expenses that you don’t pay tax on that you still have to declare on a P11D.  This is where the company pays on your behalf:

Travelling and subsistence (but not motor expenses)
Entertainment
Home telephone

None of these are taxable but you do still have to complete a P11D.

This can be a pain to do this every year so you can tray and obtain a P11D dispensation.

Follow the link here:

https://www.gov.uk/apply-for-a-dispensation

 

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