P11D Deadline Approaching: What Employers and Directors Must Know
The P11D deadline is 6 July 2025 — and no, you can’t file on paper anymore. If you miss it, you could face penalties even if you owe no tax.
What’s a P11D?
A P11D reports benefits in kind (BIKs) — things like:
– Company cars
– Private healthcare
– Cheap loans
– Gifts over £50
These aren’t part of salary, but they are taxable benefits.
If you're a company director who’s had personal use of a company car, or you’ve gifted employees something nice that wasn’t trivial, you probably need to file.
New for 2025
– No more paper forms — P11Ds must be filed online
– Trivial benefits — under £50 and not cash? No need to report
– Updated official rate of interest — loans over £10,000 use 2.25% for 2024/25, but 3.75% kicks in from 6 April 2025
Why It’s Important
– Late or incorrect filings = fines
– HMRC is cracking down on missed or sloppy P11D submissions
– Directors are often caught out — especially with loans or private use of vehicles
Quick Tips
– Keep records of all non-cash gifts
– Double-check if company cars are treated as cars or vans (especially double-cab pickups — new rules apply!)
– Make sure reimbursed employee expenses qualify as tax-free
Rochdale Reminder
Small companies around here often think “we’re too small for this to matter.” That’s exactly when it matters most — HMRC loves easy wins.
GET FREE CONSULTATION
Need Help?
If you’re unsure whether you need to file — or just want the peace of mind it’s done right — give us a shout.
