P11D, P9D (Return Of Expenses And Benefits) And P11D(b)

Are you aware of your end of year PAYE obligations and deadlines? Within our payroll department, we have a team of experts who offer a complete P11D service, which includes:

• Completion of forms P11D for each employee/director whose earnings exceed £8,500
• Completion of forms P9D for each employee whose earnings are below £8,500
• Completion of forms P11D(b) – Employers Declaration
• Calculation of Class 1A National Insurance Contributions
• Submission of all returns to the Inland Revenue within the appropriate deadlines
• Applications to the Inland Revenue for Dispensations and PAYE Settlement Agreements
• Implementation of policies and procedures

The Revenue must receive all completed P11D and P9D forms no later than 6 July each year, accompanied by the P11D(b) Declaration. The penalty for late submission is up to £300 per return, plus up to £60 per day per return thereafter. You must ensure that all P11D and P9D forms submitted are complete and correct. The penalty for submitting incorrect returns can be the amount of tax lost, plus a further 100%, and/or up to £3,000 per incorrect return. A copy of the details shown on a P11D or P9D must also be given to the employee concerned by the 6 July. As you can see, PAYE information can be a complicated maze to steer yourself around. Our payroll department can help make this as seamless as possible for you. If you would like further information on our Business Support Unit services, please contact Elaine Balls at our Letchworth office on 01462 687335, or e-mail eballs@wkhca.co.uk or visit our website on www.wkhca.co.uk.