p11d errors

p11d errors

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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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By Novakova
21st Aug 2013 17:42

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.

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By User deleted
21st Aug 2013 17:46

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

 

 

 

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By whopkinscom
26th Nov 2013 17:28

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?

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