Employers, Are You Prepared to Submit P11D Forms?

Key Deadline

The deadline for filing P11D forms for 2023/24 is July 6th.

Important Change for 2023/24

This year, there is a crucial change you need to be aware of. Even if you've already submitted your forms, you should still check everything.

Reporting Taxable Expenses and Benefits

You must report taxable expenses or benefits provided to an employee or their family if:

• The benefit or expense was provided to an employee or a member of their family or household by virtue of the employee’s employment.
• The benefit is not exempt from tax.
• The benefit was not included in your payroll.
• The benefit was not part of a PAYE settlement agreement.

Mandatory Electronic Filing

For the 2023/24 tax year, it is mandatory to file P11D forms electronically.

• Self-Filing: Use PAYE Online Services for Employers or compatible software.
• Accountant Filing: Your accountant will use their details to file on your behalf.

Avoiding Common Pitfalls

Make sure your forms are not sent by post, as this will cause them to be rejected. Double-check to ensure everything is filed correctly online to avoid missing the deadline.

Unless you are competent and experienced, contact your accountant or a professionally competent payroll specialist for assistance.