If you have employees that have received expenses or benefits, then you’ll need to submit an annual report for each one to HMRC using form P11D.
At The Academy Partnership, we can take care of completing and submitting P11D forms on your behalf. We’ll also deal with filling and submitting P11D(b) forms too – which you may have to submit if you pay your expenses through payroll or HMRC have requested this form.
We’ll go through all your expenses and benefits for each employee and make sure that your are reporting them correctly.
We’ll also let you know if it’s easier for you to pay expenses and benefits through payroll and make sure you are paying the right amount of Class 1A National Insurance on all the expenses and benefits you’ve paid.
Most employee benefits can now be dealt with through the PAYE system so this is an area of continual change where the software is helping advisers by taking over more and more real time filing.
If we’re overseeing your employee expenses then we’ll already have all the information we need to file your P11D form for each of your employees, which makes life simpler for us, and more cost-effective for you.
Managing Employee Expenses
The SOLDO card makes the problem of managing employee expenses go away, because you control the type and amount of expenses allowed through the card.
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