Year-end expenses and benefits reporting — tips and advice

As the 6 July deadline for year-end expenses and benefits reporting via P11D approaches, Caroline Harwood, partner at BDO, sets out the key issues to consider when filing, particularly with covid exemptions now removed

Most UK employers provide benefits to their employees, such as life assurance, private medical insurance, etc. Therefore, it is important for organisations to understand their compliance obligations.

Where benefits are provided to employees or certain expenses are met, the employer will need to make annual returns to HMRC together with any associated tax and National Insurance payments.

Completing the returns required can be complex, so many employers will seek professional support to provide comfort that their reporting requirements are met.

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