These forms need to be completed if any employees (including Directors) have received benefits in kind or certain expense payments in the year to 5 April 2022 and these were not dealt with via the payroll in the year (see here).
The forms will also enable us to calculate your Class 1A NIC liability payable by 19 July 2022 (cheque) or 22 July 2022 (electronic).
If you need to prepare forms P11D and would like our assistance, please send us the necessary information no later than 10 June 2022 or speak to us if there is likely to be a delay.
The statutory deadline for submission of the forms is 6 July 2022. There are penalties of up to £3,000 per return if an incorrect form P11D is filed fraudulently or negligently and £100 per 50 employees for each month the form is late.
Following the fairly recent case ‘HMRC vs Coca-Cola’ great attention should be given when considering if a vehicle should be treated as a van or a car for benefit in kind purposes.