The P11D value of a car will help shape an employee’s tax contributions and is an important consideration for fleets. By law, at the end of each tax year you must give Her Majesty’s Revenue ...

Failure to submit the P11D form will lead to a fine of £300, and an extra £60 for every day after that. If you submit the P11D (b) late, you’ll incur a £100 fine per 50 employees for each ...

P11D (b) forms, detailing the specifics of the benefit-in-kind and relevant taxes, will still need to be reported annually to ensure HMRC has accurate records. HMRC will impose penalties for employers ...