P11D season: Get the details right
Two dates are ingrained on the mind of anyone who deals with payroll matters. One has now passed for this year (19 May - submission of form P35) and the other is in less than two weeks time (6 July - submission of P11D forms), explains Jennifer Adams.
Some of the questions posed in Any Answers suggest that completing a form P11D is surprisingly not straightforward, with many questioning when one should be submitted. This article attempts to bring together the more ‘non-straightforward’ points and thus hopefully save time searching HMRC’s Guide 480 (Expenses and Benefits) for the answers.
Register with AccountingWEB to read the rest of the article, which includes:
- Obligation to submit
- How to save time and costs
- The future for P11D’s