P11D deadline.
It’s that time of year when you need to turn your attention to preparing the dreaded Forms P11D . A form is needed for each director and employee who earned £8,500 or more if you paid them expenses or provided benefits in kind. The forms must be submitted by 6 July 2015.

HMRC pointers. As in previous years, HMRC has spotlighted several trouble areas that employers need to watch out for.

  • a new tax and NI exemption came into force on 1 January 2015. It applies to the cost of medical treatment to help employees return to work. These payments don’t have to be reported
  • where an employee started to work from home in 2014/15 and they were already paying for broadband, reimbursements you made for all or part of the cost must be reported on the P11D . This is because the exemption which applies to the payment of homeworking expenses of up to £4 per week doesn’t apply
  • if you submit your forms online, don’t follow this up by sending HMRC hard copies
  • when completing a paper version of Form P11D make sure you use the 2014/15 version and not one for an earlier year
  • ensure you tick the “director” box if appropriate
  • in the company car section don’t complete the “from” and “to” dates if the car was available throughout the whole of 2014/15.

Online forms.

HMRC has created a new online version of the P11D and P11D(b) (seeThe next step ). The job of submitting forms isn’t complete until you send HMRC a paper or online version of the Form P11D(b) , which is the declaration confirming that you’ve completed all the forms necessary or that none are required.

There’s a new online version of Form P11D. Plus, HMRC has highlighted several common errors to watch for, e.g. medical treatment to help employees back to work paid on or after 1 January 2015 doesn’t need reporting.
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