Does my P11D have to go on my tax return?

As an employee or director, you may receive additional benefits from your employer in addition to your salary or wages. These benefits may include health insurance, a company car or an interest-free loan.  

These ‘benefits in kind’ are taxable, and the value of the benefit needs to be reported to HM Revenue and Customs (HMRC). This is reported to HMRC by your employer on form P11D at the end of the tax year or via the payroll.  

Although the benefit was reported through the P11D system, you will still be required to enter the details from your P11D onto your self-assessment tax return. A tax return must give a complete picture of your tax affairs, including all your taxable income, allowances, deductions and reliefs. Any tax you have paid at source (such as the PAYE on your wages) is deducted from your tax liability; meaning you don’t get taxed twice on your wages and benefits in kind. 

If you don’t include the figures from your P11D, it will appear as though you have overpaid tax. This is because the tax deducted on your employment income will be higher than expected. 

If you don’t feel confident in completing your own self-assessment tax return, contact our friendly and experienced team. Call0131 665 0771 or enquire online here. 

Date published 7 Jan 2020 | Last updated 31 May 2024

This article is intended to inform rather than advise and is based on legislation and practice at the time. Taxpayer’s circumstances do vary and if you feel that the information provided is beneficial it is important that you contact us before implementation. If you take, or do not take action as a result of reading this article, before receiving our written endorsement, we will accept no responsibility for any financial loss incurred.

---