P11D submission: late filing penalties

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The filing deadline for forms P11D and P11D(b) passed on July, but when are late P11D penalties issued, asked one AccountingWEB member in Any Answers last week.

And would there still be a penalty if any outstanding Class 1A NIC is paid before 19 July, but the form is not received by the 6 July, wondered ajordan.

Steve Kesby was quick to respond, explaining that a penalty will be charged if the P11D(b) isn't received by the date the payment is due. He added that once the liability to a penalty arises, the number of months the P11D(b) is outstanding is calculated from 6 July.

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Robert Lovell
Managing Editor
AccountingWEB.co.uk
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