Benefits in Kind (P11D)
Benefits in Kind are added benefits which employees receive from their employment which are not included within their salary. These can include -
Personal use of a car
Private car mileage/fuel allowance
Private Medical Insurance
Subscriptions and professionals fees
Beneficial loans – interest free or low interest
You will need to let us know if you provide any such benefits.
We will then complete and return details to HMRC on a P11D form each year. We will remind you of the deadline for declaring such benefits.
As an employer there will be Class 1A National Insurance charge of 13.8% on the taxable benefit.