P11D Form

Discussion in 'Accounts & Finance' started by locutus, Jun 19, 2019.

  1. locutus

    locutus UKBF Regular Free Member

    120 3
    I just realised that I needed to do a P11D form. I am trading as a sole trader, with 3 employees. None of them receive any benefits, such as mobile phones, cars, etc.

    However, I do put my mobile phone through the business, and claim for fuel. I don't receive any other benefits.

    I take it I have to fill out the P11D?
     
    Posted: Jun 19, 2019 By: locutus Member since: Jun 12, 2015
    #1
  2. Newchodge

    Newchodge UKBF Big Shot Free Member

    12,059 3,121
    You are a sole trader. You are not an employee. You do not pay yourself through payroll (I hope). You do not have to complete a P11D.
     
    Posted: Jun 19, 2019 By: Newchodge Member since: Nov 8, 2012
    #2
  3. locutus

    locutus UKBF Regular Free Member

    120 3
    I do not pay myself through pay roll (or anything). Do I need to make a declaration saying my employees don't receive anything?
     
    Posted: Jun 19, 2019 By: locutus Member since: Jun 12, 2015
    #3
  4. Newchodge

    Newchodge UKBF Big Shot Free Member

    12,059 3,121
    No.
     
    Posted: Jun 19, 2019 By: Newchodge Member since: Nov 8, 2012
    #4
  5. locutus

    locutus UKBF Regular Free Member

    120 3
    Thank you so much. Appreciated.
     
    Posted: Jun 19, 2019 By: locutus Member since: Jun 12, 2015
    #5
  6. MyAccountantOnline

    MyAccountantOnline UKBF Legend Full Member

    12,644 2,346
    As already advised you dont need to complete P11D forms based on the above but do make sure you adjust your accounts/tax return for private use of your phone and private mileage.
     
    Posted: Jun 20, 2019 By: MyAccountantOnline Member since: Sep 24, 2008
    #6
  7. SteLacca

    SteLacca UKBF Ace Free Member

    1,348 263
    Unless HMRC have sent you a reminder for forms P11D & P11D(b), in which case you would be well advised to file a NIL declaration.
     
    Posted: Jun 20, 2019 By: SteLacca Member since: Jun 16, 2016
    #7