OUR SERVICES
P11D Service
Comprehensive P11D services to help you navigate the intricacies of employee benefits and expenses.
We understand that managing your payroll can be a complex and time-consuming task. That's why we offer comprehensive P11D services to help you navigate the intricacies of employee benefits and expenses.
What is a P11D?
A P11D is used to communicate employment benefits, called ‘benefits in kind’ to HMRC. These might include:
Company cards
Private healthcare or health insurance
Interest free loans
If you offer any of these, or other benefits, to your employees, you must declare this to HMRC, as well as how much each benefit is worth.
This may result in extra National Insurance contributions, as they can act as salary additions.
How we help with P11D
Completing and submitting a P11D form can be a complex process, but it’s crucial to get it right to avoid penalties.
Don’t worry – Payroll Hub will take care of all of this for you.
Our team is always ready to guide you through the P11D process. We’ll help you understand what needs to be reported, how to value different benefits and expenses, and when and how to submit your forms.
Our team of payroll experts is well-versed in the latest HMRC rules and regulations. We ensure your P11D forms are accurately completed and compliant with all current legislation.
We also handle submission to HMRC on your behalf. This means one less thing for you to worry about at the end of the tax year.