• you will pay the wrong amount of National Insurance Contributions, • your employees will pay the wrong tax, and • you will need to send HMRC an amended P11D in each case.
Common mistakes include putting in the wrong CO 2 emissions, not including accessories and incorrectly recording capital contributions and private use payments. A capital contribution is a one-off payment towards buying the car, and private use payments are monthly or yearly payments for the use of the car. Both must be made out of net pay.
CIPP comment The Policy team would be very interested to hear member thoughts and experiences on issues with tax codes over the last 18 months or so. It would also be useful to know if you have had cases of double taxation either because of payrolling and P11D crossover, and/or dynamic coding. Please do send an email to policy using ‘tax code issues’ as the subject. Thank you.
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Incorrect date issued for P11D submission 4 July 2018
HMRC has issued an apology following an email they issued on Monday 2 July 2018. The email specified an incorrect date for submitting your form P11D – end of year return, expenses and benefits for employers. The email stated that ‘the deadline of 31 July is almost here,’ 6 July is the correct deadline for completing P11D.
HMRC are offering two final sessions to help you with your 2017/18 form P11D. The webinar is aimed at employers and provides examples of the most common entries on the end-of-year expenses and benefits return.
PAYE: End of year expenses and benefits (P11D) - Choose a time and date
You can ask questions in live webinars using the on-screen text box.
Not joined a webinar (online presentation) before? This guide will tell you what you need to do.
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Deadline for reporting Expenses and Benefits in Kind approaches 3 July 2018
As the deadline for submission of forms P11D approaches HMRC take the opportunity to provide reminders about the importance of accurately and completely reporting all details.
The Employer Bulletin is published six times a year and in recognition of the introduction of Optional Remuneration Arrangements (OpRA) in April 2017 both the April 2018 and the June 2018 editions have included articles on the subject of Expense and Benefits in Kind and importance of accurately completing, in full, all P11Ds.
A common error in previous years have included:
• Entering the wrong CO2 emissions figure on the P11D • not including accessories • incorrectly recording capital contributions and private use payments
Where the P11D is incomplete or includes obvious errors HMRC will contact the employer to amend and re-submit an amended P11D in each case.
The Chartered Institute of Payroll Professionals
Payroll: need to know
cipp.org.uk
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