As an employer you will required to complete forms P11d if you reimburse your employees with any expenses that are not covered by a PAYE dispensation, and in respect of any taxable benefits you make available to your employees.
Employers are required to provide all of their employees with a completed form P11D which shows the cash equivalent of all benefits in kind and expense payments made to each employee who earns £8,500 or more a year including benefits.
A P11D will be required for any Director unless he meets certain qualifying conditions.
The P11D and P11D (b) forms can be completed and submitted together by post or online. When the employer is not required to complete any P11Ds it ticks a box on form P35 to confirm this.
Failure to submit forms P11D by the 6 July deadline will produce an initial penalty of £300 per return plus £60 per day until submission.
