Online P11D reporting

Blog P11D

As the new tax year approaches, we wanted to highlight some important employer developments and changes to legislation and allowances relating to UK employer taxes, especially about online P11D submissions.

Spring Budget 2023

On the 15 March, the Chancellor of the Exchequer, the Rt Hon Jeremy Hunt MP, made his Spring Budget announcements.

Headline tax measures announced include reforms to capital allowances, changes to the pension allowances and a series of rate changes.

Information on all the measures announced can be found in the Budget Red Book. You can also read an overview of tax legislation and rates announced.

Reporting expenses and benefits for the tax year ending 5 April 2023

For existing employers who already submit the original P11D and P11D(b) returns online, there is no change. For those remaining employers who have submitted paper returns in previous years, from 6 April 2023, they will need to submit their original P11D and P11D(b) returns online.

HMRC is changing legislation to mandate the submission of original P11D and P11D(b) returns online through one of the following:

HMRC will no longer accept paper P11D and P11D(b) forms. This includes lists. For employers who need to submit up to 500 P11D and P11D(b) returns, the free HMRC PAYE online services can be used. For anything more, 3rd party software is required.

HMRC will publish electronic versions of the P11D and P11D(b) forms on GOV.UK, which will enable employers and agents to submit amended forms electronically from 6 April 2023.

No software changes are required, as this electronic form is not part of the current online services.

Paper P11D and P11D(b) (original or amendment) forms submitted from 6 April 2023

If an employer submits a paper P11D or P11D(b) (original or amendment) from 6 April 2023 the form will be rejected on the basis that it has not be submitted to HMRC in the prescribed manner. The employer or agent will be notified of the rejection and sign-posted to the correct process.

If you need some help and guidance with any of these changes to legislation and submitting your returns, get in touch.

Posted in Blog.