Have you provided any taxable benefits to employees in the year?

If you have provided any taxable benefits to employees you are also required to file form P11D(b) by 6 July 2011.

Form P11D sets out the amount of taxable benefits that apply for the year and any Class 1a National Insurance contributions due.

You are also required to file a form P11D(b) if directors or employees are reimbursed for expenses incurred by them and where the business does not have permission from HMRC to dispense with this requirement.

If you are unsure how to complete these returns, or to apply for a dispensation, please call in good time so we can assist you meeting your filing deadlines and avoiding penalties.

Written by Richard Rowell
Published on March 9, 2011