what are/is the penalty regime for omissions on the p11d where there is a taxable benefit [ie not personally contraed by a s336 itepa ]
is it on the company and/or the individual taxpayer concerned.....?
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p11d errors
To minimise penalties, the employer should write to HMRC informing them of the error. If the employee submitted a return containing incorrect information, he should submit an amended return.
For 2012/13 ...
... the amended form needs to be on paper, and go to;
HMRC NIC&EO
Room BP2101
Lindisfarne House
Benton Park View
Longbenton
Newcastle Upon Tyne
NE98 1ZZ
Is repayment by the employee of the BIK value an option?
Thereby reducing the BIK to nil and thus not needing to be reported, since there isn't any? Might this not be cheaper than potential fines?