The deadline for 2014/15 P11ds is fast approaching, with forms P11d and P11d(b) to be submitted to HMRC by 6th July 2015 where expenses or benefits were provided to any company director or employee in the tax year 2014/15 (covering the period from 6th April 2014 to 5th April 2015) which were not covered by a dispensation or otherwise exempt from tax.
There is a penalty of £100 per 50 employees for each month or part month a P11d(b) is late.
As mentioned in a previous blog, the typical benefits which are reported include;
Private medical insurance
Company cars and fuel
Use of company vans
Please contact our P11d co-ordinator Alastair Herbert for a no obligation quotation. Alastair can be contacted by phone on 01324 441254 or by email at firstname.lastname@example.org