P11D and P11D(b) forms from April 6, 2023, now need to be filed online by July 6 following a rule change from HMRC. If employers need to make amendments to any returns that have already been filed, these should also be made online through a new form via the expenses and benefits for employers page.
If any employer now files their P11D and P11D(b) returns on paper, they will be rejected as not having been submitted correctly. This notification will include details about how to file the forms correctly going forwards. This can take time and cause delays for a business, so it is better to use the correct method in the first place.
If you fail to file the P11D or P11D(b) return by the July 6 deadline, you could face a penalty.
File Class 1A National Insurance Contributions info by July 6 too
Any Class 1A National Insurance Contributions (NICs) will also need to be flagged by employers to HMRC by July 6, and any payments due must reach the tax office on or before July 22 this year.
So your payment is correctly allocated, HMRC advises companies to use their 13-character accounts office reference number without spaces, followed by 2313.
HMRC stated: “Adding 2313 is important because 23 tells us the payment is for the tax year ended 5 April 2023, and 13 lets us know the payment is for Class 1A National Insurance contributions.”
You can find more information about how to pay employers’ Class 1A National Insurance at Gov.uk.
How you submit your P11D and P11D(b) electronically
To file either of these returns online, you can use commercial payroll software or HMRC’s PAYE Online service. You must submit all your P11D and P11D(b) forms online at the same time in a single submission. You can find more information online at Gov.uk relating to expenses and benefits for employers.
Employers must submit a P11D for every employee who gets any benefits or non-tax-exempt expenses, unless the employer registered that they would be taxed on these benefits through payroll before April 6, 2022. Any benefits not dealt with through the payroll for any reason need to be included on a P11D.
Any employer who wants to avoid dealing with P11Ds can register for all benefits to be payrolled for the 2024/2025 tax year.
We can help you meet your obligations
If you are unsure whether dealing with all benefits-in-kind through your payroll or through the filing of P11D and P11D(b) forms is best for your business and your employees, then please get in touch with us and we will advise you on the best course of action.