P11D

The P11D is a form that informs HMRC if you received benefits or expenses from your employer separate from your annual salary. If you don’t receive any taxable expenses or additional benefits, you may not get a P11D at all. It’s important to keep a copy of your P11D for your Self Assessment tax return, as well as a P9D form if this is applicable to you. HMRC considers these benefits a form of income and so they are taxable.

The P11D form essentially details the expenses and/or benefits that you’re liable to pay tax on. It’s more relevant to your employer, as they have to file one with HMRC every year (by the 6th of July) for every employee or director who’s received expenses or benefits outside of their salary.

Expenses applicable to the P11D include:

  • Company cars
  • Private car allowances and fuel
  • Company vans for private use
  • Company mileage allowances and fuel
  • Non-credit card expenses payments
  • Working from home
  • Private medical insurance
  • Home telephone payments
  • Living accommodation
  • Beneficial loans

Will the P11D affect the amount of tax I’ll pay?

As these benefits and expenses are deemed as taxable, they’ll usually be offset against your PAYE tax code. Meaning that you could pay more tax. Details of how much tax you’ve paid can be found on your monthly payslip, as well as any change in your tax code. It’s important to check that you’re paying the correct amount of tax – contact HMRC if you think you’re not.

Frequently Asked Questions

  • I’ve lost my P11D - what do I do?

    It’s actually pretty straightforward to get your P11D replaced by requesting a new copy from your employer, so don’t panic! Alternatively, just get in touch with HMRC and they will be able to assist you.

  • How long should I be storing my Tax Records?

    In the UK, you must keep your tax records – including your P11D – for at least six years from the end of the relevant tax year. Accounting software can help you to digitally store your records without taking up space in your office!

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