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File Expense Returns on Time or Face Fines

File Expense Returns on Time or Face Fines

Employers whose staff claim expenses and benefits must submit their P11D tax return by 6 July or face a late-filing penalty of £300, HM Revenue & Customs (HMRC) has warned. Anything other than pay that is provided to staff – including company cars, medical insurance and childcare vouchers – should be included on the P11D form as employers are liable to pay national insurance contributions on them. Employers that fill out P11D forms must also complete and submit a P11D (b) form including the total of all expenses. Businesses will automatically receive their P11D forms from HMRC by 15 June. Those that filed their returns online last year will receive an email reminder. Forms can also be downloaded from the HMRC website or ordered from HMRC’s Employer Orderline. &l... »