Expenses exemptions and P11Ds: what you need to know

Changes to the rules on benefits and expenses mean that fewer employers have to complete P11Ds but proper record keeping is vital to ensure that HMRC compliance meets stringent rules, says Meg Wilson CTA

Several changes were made to the rules on employees’ benefits and expenses from 6 April 2016. The changes mean that for 2016-17 some employers will no longer have to complete P11Ds.

While lots of employers will be busy completing P11Ds for 2015-16, it is important to understand these changes. This article summarises the changes and provides practical tips to ensure employers meet their new obligations regarding expenses and benefits.

The three main changes leading to fewer P11Ds for 2016-17 are:

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