P11D Deadline

The P11D deadline is looming…act now!

Your P11D forms are due for submission to HMRC by 6th July 2011 with payment by the 19th of July.

P11D is the one on which you need to report employees and directors’ benefits and expenses for the year ended 5th April 2011.

It can take a bit of time to pull the information together so don’t leave it until the last minute.  Remember that there are stiff penalties for overdue and non-submission of the forms: £300 initial penalty per return and £60 a day until submission.

The HMRC website provides guidance on P11D forms but if you aren’t sure what to do then get in touch with Lewis Smith & Co. as soon as possible.  It might be a good time to check all of your benefits in kind to make sure that you are dealing with items such as cars in the most tax efficient way.

Simply give us a call on 01384 235549 or email info@lewissmith.com to arrange a meeting today.

Lewis Smith & Co. – Due diligence experts for your acquisition or MBO