Last updated on:
March 17, 2024

The P11D form is an essential document that outlines any benefits or expenses an employee has received from their employer, which are in addition to their salary. Not everyone will receive a P11D; it's only issued if you've had taxable benefits or expenses during the tax year.

Function and Importance of P11D

Primarily, the P11D form is a detailed account of taxable benefits and expenses that may affect the amount of tax you owe. Employers are responsible for submitting P11D forms to HMRC by 6th July following the end of the tax year for each employee who has received such benefits.

Types of Benefits Covered

The form encompasses a wide range of benefits, including, but not limited to:

  • Company cars and fuel allowances
  • Company vans used privately
  • Non-credit card expense payments
  • Health insurance
  • Home telephone expenses
  • Living accommodation provided by the employer
  • Interest-free or low-interest loans

Impact on Your Taxes

Receiving these benefits could lead to a higher tax bill since they're considered part of your taxable income. Any tax due on these benefits is typically collected through adjustments to your PAYE tax code, meaning you might end up paying more tax throughout the year. Always verify changes in your tax code on your payslip to ensure accuracy.

Lost Your P11D?

If you misplace your P11D, don't fret. Getting a replacement is straightforward: start by asking your employer. If they can't provide a duplicate, contacting HMRC is your next best step. It's crucial to have a copy of your P11D for your records, especially if you're required to complete a Self Assessment tax return.

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