Do we need a P11D?

What is a P11D?   

A P11D is a form you submit to HMRC if your company has provided certain benefits for employees that go beyond their normal wages, for example, private health cover or a company car. 

HMRC charges Employers’ National Insurance (13.8% for 24-25 and 15% thereafter) on some of these benefits. This needs to be paid by 19th July each year following the end of the tax year on the 5th April. 

When is a P11D required? 

You must file a P11D for an employee or director, if, during the previous tax year (6th April 2024 - 5th April 2025), your company provided them with any taxable benefits that weren’t already taxed through payroll. The deadline for this is 6th July for each year following the 5th April tax year end. 

If you didn’t provide any reportable benefits in the year (i.e. you only paid salaries/bonuses that went through payroll), then you don’t need to file a P11D.

What counts as a benefit? 

Benefits are basically extras that give an employee or director a personal benefit. Below are some common examples that would need a P11D:

• Company car or van, if there’s any personal use
• Gym memberships
• Daily commute costs
• Childcare Vouchers
• Interest-free loans above £10,000
• Non-business entertainment expenses
• Assets provided to employees that have significant personal use

What doesn’t need to be reported? 

• Business travel expenses
• Business entertainment expenses
• Subscriptions paid by employees for business use

Here is HMRC’s full list of expenses and benefits if you’re interested!