Star Sterling Outsourcing

UK Employers: Meet P11D Deadlines and Submit with Confidence

P11D deadlines

As a UK employer, navigating HMRC regulations and deadlines can be a challenge. One crucial aspect is submitting your P11D forms on time and accurately. This blog by Star Sterling Outsource will equip you with the knowledge to meet P11D deadlines and submit with confidence.

Note: HMRC No Longer Accepting Paper P11D and P11D(b) Forms

What is a P11D, and When is the P11D deadline?

A P11D form is used to report taxable benefits provided to employees throughout the tax year. These benefits can include company cars, fuel allowances, private medical insurance, and more. The deadline for submitting P11D forms is July 6th, following the end of the tax year. For example, the deadline for the 2023–2024 tax year is July 6th, 2024.

What is the P11D(b) Form?

The P11D(b) form is used to calculate and report Class 1A National Insurance Contributions (NICs) due on the benefits reported on the P11D form. This form should also be submitted to HMRC along with your P11Ds.

The importance of meeting deadlines for UK employers

Missing P11D deadlines can result in significant penalties from HMRC. These penalties can be based on the number of employees and the length of the delay. Timely submission ensures compliance with HMRC laws and avoids unnecessary financial burdens.

Tips for submitting P11D forms with confidence

  • Gather information early:
    Start collecting employee benefit details well before the deadline.
  • Be accurate:
    Double-check all the information before submitting the forms.
  • Use HMRC guidance:
    Refer to HMRC’s official resources for detailed instructions and clarification.
  • Consider professional help:
     Outsourcing P11D submissions to a reputable service like Star Sterling Outsource can ensure accuracy and timeliness.

Changes to be aware of for 2024 P11D submissions

There are currently no major changes announced for 2024 P11D submissions. However, it’s always recommended to stay updated with HMRC’s website for any potential updates.

How do I Report?

P11D forms must be submitted electronically through HMRC’s online portal. Paper submissions are no longer accepted.

Deadlines for submitting P11D and P11D(b) forms in 2023-2024

For the tax year ending April 5th, 2023, the deadline for submitting P11D and P11D(b) forms to HMRC is:

  • P11D forms: July 6th, 2024
  • P11D(b) forms: July 19th, 2024 (or July 22nd for electronic submissions)

Benefits of using a professional service for P11D submissions

Outsourcing your P11D submissions to Star Sterling Outsource offers several benefits:

  • Accuracy and Expertise:
    Our team has extensive experience handling P11D forms, ensuring compliance, and minimising errors.
  • Time-saving:
    Free up your in-house team to focus on core business activities.
  • Peace of Mind:
    Gain confidence knowing your P11Ds are handled by professionals.

Comply with Confidence

Avoid the stress and potential penalties of P11D submissions.

Contact Star Sterling Outsource Today for a free consultation and discover how our P11D outsourcing services can ensure smooth compliance and peace of mind..

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