Have you employed people during the 2014-2015 tax year?
If you have and you provided any benefits whatsoever to any employee (whether they are a company director or not) then a Form P11D (or P9 if they earn less then £8,500) must be completed for every such person.
This HMRC document contains examples of the most common Benefits in kind but is not exhaustive. If you feel you should be completing forms P11D or you remain uncertain please contact us.
Please be aware that there are fixed penalties for not completing forms P11D where you should and interest and penalties will be charged by HMRC on tax paid late.
Class 1A national insurance is payable on most benefits in kind and must be with HMRC by the 19th July and the forms must be with HMRC by the 6th July.
If you have any queries regarding this matter please contact us.
