It’s P11D Season! Here’s What Employers Need to Know for 2024/25

If you’re an employer providing benefits in kind or reimbursing expenses to employees or directors, there’s an important deadline fast approaching. P11D forms for the 2024/25 tax year need to be submitted by 6 July 2025, and there are a few key changes and reminders to be aware of this year. What Is a P11D? A P11D is a form used to report benefits in kind – anything extra you give your employees or directors that isn’t part of their salary but still has value. Think company cars, private medical insurance, or reimbursed expenses. These forms help HMRC understand what additional taxable benefits your team has received – and it’s your responsibility as an employer to report them correctly. What’s Changed This Year? No More Paper Forms HMRC now requires all P11Ds to be submitted online. You can file them through your PAYE Online account or via compatible commercial payroll software. Reimbursed Expenses Don’t Always Need Reporting If an expense was wholly, exclusively and necessarily incurred in the course of the employee’s duties, it usually doesn’t need to be included on a P11D. There’s also no need to apply for a dispensation anymore. However, HMRC expects you to have robust internal controls in place. So it’s worth reviewing your expense policies and processes before filing. Trivial Benefits – Keep It Simple Small non-cash benefits that cost £50 or less don’t need to be reported – as long as they’re not: A reward for services Part of a contractual agreement Cash or a cash voucher Think birthday gifts, festive bottles of wine, or lunch out with the team – they’re all fine under the trivial benefits rule. Just keep a record of what was given and why. What Should You Do Now? ✅ Review your benefits and expense records✅ Check your reporting requirements✅ Ensure you’re set up to file online✅ Keep documentation for trivial benefits At A&C Chartered Accountants, we're not just accountants; we're your partners in success. Based in Manchester, our experienced team handles everything from managing limited company and sole trader accounts to expertly navigating tax returns. Beyond financials, we play a crucial role in driving your business’s growth, strategically steering it towards success with confidence and clarity.

What Is a P11D?

What’s Changed This Year?

What Should You Do Now?

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