22 May 2025
Avoid a P11D Panic: Are Your Benefits in Kind Ready for 6 July?
Many employers breathe a sigh of relief once the payroll year-end is out of the way in April, and yet the job is only half-done. Every taxable Benefit in Kind (BIK) your staff enjoyed during 2024/25 must be reported to HMRC on form P11D by 6 July. And you really don’t want to miss that date because the penalties start mounting up from day one.