P11 D Service and Employer Compliance

This is a very emotive area for employers and employees alike. Employers want to reward staff in a tax and national insurance efficient manner. The provision of Benefits in Kind is often seen as a perk but there are tax and national insurance consequences to consider. Some benefits can be tax free, for example mobile phones and interest free loans up to £5,000.

The completion of forms P11D to declare Benefits in Kind is a very complex matter and mistakes can easily be made by the inexperienced. The maximum penalty for an incorrect P11D is £3,000 and there are also potential penalties if the forms are not submitted to HM Revenue & Customs or copies not given to staff by the deadline.

We have an experienced and fully trained team to help with the completion of P11Ds. We also advise and assist in obtaining Dispensation Agreements from HM Revenue & Customs, thus minimising the need to declare certain benefits.