Reporting benefits and expenses
Taxable benefits
Legacy P11D reporting remains the most popular method (49%) used, with payrolling and using a mixture being equally as popular (25.5%) as each other. When broken down into sector, there’s been a decrease in the use of P11D reporting in the public sector. Last year, no public sector respondents indicated they used a mixture of both reporting types. This may indicate a transition to payrolling expenses is underway. Private sector companies, however, saw an increase in P11D reporting. It’s unclear if this is due to lack of awareness of payrolling. Another explanation could be an increase in employee loans to support with cost-of- living impacts. As HMRC makes further steps to encourage payrolling of expenses, the CIPP is interested to see how this trend develops.
Reporting benefits
80%
70%
60%
50%
40%
30%
20%
10%
0
Legacy P11D reporting
Mixture of both
Payrolling
n Private sector
n Public sector
n Non-profit / charity
19
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