NOT ALL BENEFITS NEED TO BE REPORTED ON FORM P11D

Despite the coronavirus lockdown, HMRC still expects P11d forms reporting expenses and benefits to be submitted by the standard 6^th of July deadline.

Remember that reimbursed expenses no longer need to be reported where they are incurred wholly, exclusively and necessarily in the performance of the employee’s duties.

Dispensations from reporting are no longer required, although HMRC would expect internal controls to be in place. Trivial benefits of no more than £50 provided to employees don’t need to be reported. This typically covers gifts to employees at Christmas and on their birthdays.