Employers are reminded that the deadline for submitting the 2016-17 forms P11D, P11D(b) and P9D is 6 July 2017. P11D forms are used to provide information to HMRC on certain benefits and expenses that employees and directors receive during the tax year: such as company cars, loans and private medical insurance.
Employers making online submissions will need to correct any problems with the forms before filing electronically. Employers who submit paper forms with errors will have to re-submit when corrected and may exceed filing deadlines.
Since 6 April 2016, employers may have registered on a voluntary basis to report and account for tax on certain benefits and expenses via the Real Time Information payroll system. If you have, you will not have to submit form(s) P11D at the tax year end. This is known as payrolling, and removes the requirement to complete a P11D for the selected benefits. However, a P11D(b) is still required for Class 1A National Insurance payments.
Where no benefits have been provided from 6 April 2016 to 5 April 2017, and a form P11D(b) or P11D(b) reminder is received, employers can either submit a ‘nil’ return or complete the ‘2016 to 2017 Employer – No return of Class 1A’ form. A ‘no return to make’ form is available online. Employers are also required to provide, for each employee for whom a form P11D is due, a statement of the information shown on the employee’s form. The statement should also be provided by 6 July 2017.
There are late filing penalties if you delay making any of the year end returns mentioned in this article beyond the various filing deadlines. If you are at all concerned about your filing obligations we can help. To give us time to access the benefits that you need to report – whether via your payroll or by filing forms P11D etc – please call as soon as you can.