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This is a freeview 'At a glance' guide to the penalty rules for P11D's.

What are the deadlines for P11D returns? What penalties are due for late or incorrect returns?

At a glance

At a glance

Due dates

Penalties

Non-submission or overdue:

Incorrect P11D and P11D(b) returns

A penalty is based on a percentage of potential revenue lost according to taxpayer behaviour and degree of culpability or guilt:

Late payment of Class 1A NIC

Overview

Form P11D: Completion is required by an employer if it reimburses an employee with any expenses that are not covered by an exemption (or prior to 2016 a PAYE dispensation) and in respect of any taxable benefits made available to an employee by the employer or via a third party, during the course of the tax year.

Non-submission

Errors

Unpaid tax

HMRC will charge up to three penalties of 5% of the amount of Class 1A NICs that are due, depending on the length of time that the amount remains unpaid as follows:

Penalty per cent of amount not paid

When paid 

0%

1 - 29 days of due date

5%

 

30 days of due date (i.e. 6 Aug)

 

10%

 

6 months of due date (i.e. 6 January following the tax year end)

 

15%

 

12 months of due date

 

The same penalties also apply to amounts overdue in PAYE settlement agreements.

Interest on late payment

Cessation of business


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