The deadline for submitting (06/07/2021) and paying P11Ds (19/07/21 by cheque, 22/07/21 if paying online) for the 2020/21 tax year is around the corner.
P11Ds are prepared when employees are provided with taxable benefits throughout the tax year such as company vehicles or healthcare. Class 1A National Insurance Contributions (NIC) is payable by the employer at 13.8% of the benefit, while the employee will pay tax on the benefit in the future, once the P11Ds are submitted and HMRC have updated the employee’s tax code.
Ultra Low Emission Vehicles (ULEVs) are cars with approved CO2 emission figures of 1 to 50g/km. Along with the year of registration, the percentage benefit in kind is now based on the ‘electric range’. This is the distance the car can travel on electric power before its batteries need recharging.
If you require a P11D please get in touch, we will be happy to help.
Ultra Low Emission Vehicles (ULEVs) are cars with approved CO2 emission figures of 1 to 50g/km. Along with the year of registration, the percentage benefit in kind is now based on the ‘electric range’. This is the distance the car can travel on electric power before its batteries need recharging.
If you require a P11D please get in touch, we will be happy to help.
Fill in the contact form at the bottom of this page with your details and one of our team will be in touch
