P11Ds, PSAs, s. 336 claims, dispensations and Form 42

Self assessment tax returns and forms P60 have been issued but little can be done without the P11D. The vital s.336 or business expense claim is really important to make once the form P11D is produced, whether on the Self Assessment Tax Return or by letter to HMRC. These claims must be made by the individual employee.  In their absence HMRC may view reimbursed business expenses as benefits in kind so coding changes should be scrutinised.

Our excellent P11D service can assist employers with P11D compliance and will recommend seeking a reporting dispensation where we believe a robust and reliable internal expense payment policy exists.

For more information on P11D matters, Form 42 reporting (relating to the issue of shares) and payroll in the RTI era, please contact Leila Sangar@eacotts.com

Eacotts can help

If you would like assistance with your taxation affairs or with preparation of Self Assessment Tax Returns, please contact us:  our Partners and specialist Tax Saving Team are always at hand to provide specific advice, tailored to your individual circumstances.

Please call us on

01628 665432

or email: services@eacotts.com 

Rather do more reading first?

Up to the minute information for businesses, employers and individuals is available on our "latest news" pages:  Government announcements; business tax and regulation; VAT; Personal tax;  savings and pensions.  There are also external links to current affairs information channels.

Tax guides can be found in the Useful Information section and are designed to give you valuable insights into the areas where tax planning can be carried out.

Alternatively, you can download pdf copies of our informative guides on recent and proposed changes to Pensions and PAYE under the Topical Tax and Financial Issues section.