Benefits in Kind - P11D's

This is recorded annually to report to the HMRC if any Benefits in Kind usually perks have been given to employees, such as a company car, private healthcare or Interest Free Loans. This is deemed as an increase in your salary and there may be National Insurance contributions to be paid on them from the company.

The P11d needs to be filed annually penalties are issued for each month the return remains outstanding, this is calculated at £100 per 50 employees for each month.