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Payroll

P11DS

The tax rules on benefits or expenses are different depending upon the type of the benefits or expenses. Tax experts at Sterling Wells will review these and submit the correct P11ds form for your business

Payroll Services

What are the record-keeping requirements in relation to P11ds?

Record Keeping in P11DS

As per HMRC, you will need to keep a record of the following:

The details and the date of every expense or benefit you provide

The details of any payments your employee contributes to an expense or benefits

Any other information needed to work out the amounts you put in P11ds

Are there any exemptions?

Exemptions for P11DS

You don’t need to report certain expenses and benefits in the P11ds form if you qualify for an exemption. Following are some examples:

If your business provides your employees taxable benefits or expenses, you will need to submit the form P11ds with the details of the benefits or expenses and Class 1A NIC details.

Business travel

Phone Bills

Business entertainment expenses

Uniforms and tools for work

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