As we approach the deadline for P11D submissions on 6th July, it’s crucial that employers ensure their payroll processes are in order. Failure to submit accurate P11D forms on time can result in penalties and unnecessary stress. At Whitley Stimpson, we help businesses stay compliant, reduce risk, and streamline their payroll operations – especially during critical tax deadlines.
What is a P11D?
A P11D form is used by UK employers to report benefits in kind (BiKs) provided to employees and directors. These include company cars, private health insurance, interest-free loans, and other perks that aren’t processed through payroll but are taxable.
Every employer who provides these benefits must submit a P11D to HMRC for each relevant employee, along with a P11D(b) if they need to pay Class 1A National Insurance on those benefits.
Why the deadline matters
The 6th July deadline is not one to take lightly. Missing or submitting inaccurate P11Ds can result in:
- Penalties from HMRC
- Increased scrutiny of your payroll and tax affairs
- Frustration and confusion for your employees due to incorrect tax coding
Even well-intentioned mistakes, such as omitting a benefit or using incorrect values, can trigger complications and financial consequences.
Common pitfalls with P11D reporting
- Misreporting or underreporting taxable benefits
- Failing to identify all employees or directors who require a P11D
- Not keeping detailed records of benefits provided
- Overlooking the requirement for a P11D(b) form
- Submitting paper forms when electronic filing is required
Why outsource your payroll and P11D submissions?
At Whitley Stimpson, we offer a fully managed payroll system that takes the burden off your shoulders.
Here’s how we can help:
- Accuracy and compliance
Our team stays up to date with HMRC regulations and undergoes regular training, ensuring that every P11D and payroll submission is accurate and complete. We double-check every detail to reduce the risk of costly errors. - Time savings
Payroll and benefits reporting are time-consuming. By outsourcing to us, you free up your internal resources to focus on strategic priorities – without worrying about submission deadlines. - Peace of mind
With dedicated professionals handling your submissions, you can be confident that your payroll is in safe hands. No last-minute rush, no guesswork, no fear of missing a deadline – just smooth, professional service. - End-to-end payroll support
Beyond P11Ds, we offer comprehensive payroll solutions including payslip processing, Real Time Information (RTI) submissions, pension auto-enrolment compliance, and more.
Don’t leave it to the last minute
The P11D deadline is fast approaching. If you’re still managing payroll and benefits reporting in-house, now is the time to consider outsourcing to professionals who can save you time, reduce your risk, and help you remain compliant.
Let Whitley Stimpson take care of your payroll, so you can take care of your business and continue to thrive while we take care of the rest.