Expenses and benefits paid to employees during the year to 5 April 2011 are required to be entered on forms P11D and P11D(b).  These forms are due to HM Revenue & Customs (HMRC) by 6 July.

The resulting Class 1A National Insurance payment is due to HMRC by 19 July if paying by cheque or due into HMRC’s bank account by 22 July if paying electronically. Please note that HMRC do not operate Faster Payment so the payment will take approximately 3 working days to clear.

Penalties for late filing of the P11D and P11D(b) forms start at £100 for each month that the forms are late.  Penalties and interest pay also be charged if you are late paying the Class 1A National Insurance.

Please contact us if you require any assistance with your forms or payment.