Have you missed the P11D registration deadline?

Below we take a look at HM Revenue & Customs’ (HMRC’s) expenses/benefit in kind form P11D and provide advice on what to do if you missed the 6 April deadline to register to collect the income tax and National Insurance Contributions (NICs) on these benefits via payroll.

What's new?

From 2016-17, employers have the option to voluntarily payroll benefits that would otherwise be included and taxed via P11D reporting at the end of the tax year.

It has always been possible for employers to agree with HMRC to payroll benefits on an ad hoc basis, but the Finance Bill 2015 formalised this arrangement.

The new measures have removed the need to report benefits in kind on form P11D provided a company registered before 6 April 2016.

What is a P11D?

A P11D is the form used for recording taxable expense payments and benefits in kind that an employer is required to send to HMRC (and a copy provided to each employee) by 6 July each year.

All employees and most company directors needed to be included unless covered by a dispensation or Pay As You Earn (PAYE) Settlement Agreement.

What if I missed the deadline for registering?

The deadline for registering to process benefits through the payroll for 2016-17 was 6 April. If you missed it, then you will have to complete and file forms P11D for the both the tax year ending April 2016 and April 2017. That said, you will be able to register before 6 April 2017 and then be able to process the benefits through the payroll for the tax year ended April 2018.

If you have UK employees and wish to discuss tax filings in more detail, please contact Carla Graves or Melissa Harkcom below for more information.

Carla Graves
+44 (0(20 7430 5936

Melissa Harkcom
Director, North America
+1 415 688 2297

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