Using GTax latest state-of-art P11D calculation and filing technology you can process and submit your Employees' P11D data in a few minutes.
Each employee or director earning at a rate of £8,500 a year or more, and each director earning at a rate of less than £8,500 a year is entitled to submit benefits, payments, or facilities provided to them during their employment using the P11D form. GTax can help to automate and simplify the process of returning these benefits, there are tens of common P11D benefits available for you to assign to your employee's records which can be calculated in a few minutes, these P11D benefits are based on:
|A||Assets transferred (cars, property, goods or other assets)|
|B||Payments made on behalf of the employee|
|C||Vouchers and credit cards|
|E||Mileage allowance payments/ passenger payments|
|F||Cars and car fuel|
|G||Vans & van fuel|
|H||Interest–free low interest and notional loans|
|I||Private medical treatment or insurance|
|J||Qualifying relocation expenses payments and benefits|
|L||Assets placed at employee's disposal|
|M||Other Items or Benefits|
|N||Expenses payments made to, or on behalf of, the director or employee|
P11D form must reach HMRC by 6 July following the end of the tax year.