A form P11D has to be prepared for all directors and employees who receive benefits in kind. There are also reporting requirements on P11Ds for a few items that have no net benefit in kind.
P11D forms have to be prepared for each year ended 5 April with a submission deadline of 6 July.
Do you know what needs to be included on P11D forms? The rules can be complex and our downloadable checklist gives an indication of the areas that need to be considered.
There are strict and potentially punitive, penalties imposed by HM Revenue & Customs for the late submission or incorrect completion of the forms.