Lesson Objective – to gain a good understanding of Benefits in Kind and P11D
In this Course I will be walking you through:
What is a P11D form?
Why do we need to complete P11D forms?
Key dates and deadlines
Penalties for late filing
How to determine if you need to submit a P11D
What we should take from the course
What do we need to consider if an employee and employer do not wish to submit a P11D – what are the alternatives?
PAYE Settlement Agreements (PSA’s)
Trivial Benefits
What happens from an employees point of view?
What might we see on a P11D?
What does a P11D form look like?
What does a P11D(b) form look like and what is a P11D(b) form?
Breakdown of each section of the form from Section A to N
Introduction to company car benefits
Introduction to the Co2 tables
Mileage allowance payments (MAP)
How to calculate the company car benefit
Example 1 – How to calculate the company car benefit
Example 2 – How to calculate the company car benefit
Introduction to the fuel benefit
How to calculate the fuel car benefit
Example 3 – How to calculate the car fuel benefit charge
Introduction to company Vans BIK
How to calculate the Van BIK
Listing of the most common non-BIK items – 2 pages
How can you complete a P11D?
Top Tips for P11D good practice
Here is additional useful content which is free to view at any time but might help to solidify your knowledge :)
Pecuniary liabilities potential issues and resolution suggestion
Overdrawn loan accounts potential issues and resolution suggestion
Personal and business mileage potential issues and resolution suggestion
List of common benefits discussed – HMRC guidance
P11D Example (pages 1 and 2) for reference
The help guides below are broken down into each section to assist you in completing the P11D forms:
Page 1 – Section A – Assets Transferred and Section B – Payments made on behalf of the employee
Page 2 – Vouchers and Credit cards