Editorial team AccountingWEB.co.uk
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Avoid P11D meltdown with this 2019/20 benefit in kind tips
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Avoid P11D meltdown with Kate’s last minute tips


Payroll expert and lecturer Kate Upcraft continued her crusade this spring to help businesses and payroll managers adjust to rule changes brought on by Covid-19 with a webinar on P11D traps and tangles.

30th Jun 2020
Editorial team AccountingWEB.co.uk
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The trigger for this week’s Payroll Unplugged webinar was the impending P11D deadline on Monday 6 July, which focused on HMRC’s relaxations around benefits in kind that were introduced as a result of the Covid-19 lockdown.

The virus outbreak complicated benefits in kind reporting this year, she explained. “Some of you will have had people in lockdown at the end of 2019/20, for which some of you will be about to submit P11Ds. The majority of furloughed people will be in 2020/21. So this time next year we’ll still be looking back at something that we hope have faded from our memories,” Upcraft explained.

Though 6 July 2021 is a long way away, she urged viewers to “keep records of what happened” so they’ll be able to document the decisions that were made this year.

During her introduction, Kate talked about hopes that HMRC might consider delaying the traditional 6 July deadline for P11Ds – but that has not happened.

“Many people are struggling to get hold of data and pulling together PSAs [PAYE settlement agreements],” she said. “I feel your pain. The next few days are very hectic.”

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By paulamani
01st Jul 2020 19:30

It is worth noting that although 6th July is the submission deadline, penalties are not charged if the submission is received by HMRC by 19th July. CWG5 (2019) states that:
"The filing date for the return is 6 July. If we do not receive the return by 19 July it may attract a penalty of £100 per month or part month of lateness, for every 50 or part-batch of 50 employees provided with benefits."
"Statutory interest for late payment is charged immediately from 19 July, or 22 July if payment is made by an approved electronic method."

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