Forms P11D Are Still Due By 6 July 2020
Post Author:
Anne Melville
Date Posted:
June 2, 2020
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Despite the Coronavirus lockdown HMRC have announced that they still expect 2020 Forms P11D to be submitted by the normal deadline of 6 July 2020.
A Form P11D reports any benefits in kind or non-exempt expenses payments received by employees, including company directors, and their families or household to HMRC. Any Class 1A National Insurance due on the benefits in kind provided is due for payment electronically by 22 July 2020.
Common benefits in kind include:-
• Private medical treatment or insurance
• Private dental treatment or insurance
• Interest free or low interest loans of over £10,000
• Company cars and fuel
• Company vans and fuel
• Assets placed at the employee’s disposal
• Golf club or other sports club subscriptions
HMRC will charge a penalty of £100 per month or part month that a P11D(b) is late and will also charge interest and late payment penalties if the Class 1A National Insurance is paid late.
If you wish our assistance to prepare your P11D’s and have not yet sent us the information, please do so as soon as possible. If you require any further information, please download our What is a P11D leaflet below:-
You can also read more about Forms P11D in our earlier blog:-
The information in this blog provides only an overview of HMRC guidance and legislation in force at the date of publication and no action should be taken without consulting the detailed HMRC guidance and legislation or seeking professional advice. Therefore no responsibility for loss occasioned by any person acting or refraining from action as a result of the material contained in this blog can be accepted by the firm.
Photo by Markus Winkler on Unsplash
