The deadline for supplying P11d forms showing the benefits in kind for employees is 6 July and the Class 1A NI liability is due for payment on or before 19 July.
A benefit in kind can arise on company cars and/or vans, medical benefits, and many other items which might have been paid by the company for or on behalf of an employee.
Note that employees will be liable to tax on the value of the benefit in kind. Ensure they are aware of this e.g., when joining the company medical scheme.
There are penalties for incorrect returns! If you have any concerns as to whether or not any items should be classed as a benefit, please contact us as soon as you can!
