Expenses, benefits and employment related securities deadlines imminent, 1 July 2019

Jul 01, 2019

Do you complete expenses and benefits returns? Or do you complete online filing for employment related securities (“ERS”)? If so, you have an important role to play in ensuring returns are submitted and payments made on time.

Here’s a reminder of the forthcoming deadlines: 

  • 6 July 2019 - deadline for submitting all 2018/19 P11D(b) and P11D forms - and the employee must receive their copy of the P11D. (HMRC’s Expenses and Benefits from Employment toolkit can help with this)
  • 6 July 2019 – deadline for online reporting of 2018/19 annual return in respect of employment related securities
  • 19 July 2019 - deadline for non-electronic payment of Class 1A National Insurance (NIC) for 2018/19
  • 22 July 2019 - deadline for electronic payment of Class 1A NIC for 2018/19

The latest Employment Related Securities bulletin is also available. This contains guidance updates, information on ERS returns and common ERS annual return errors. 

To save on administration, don’t forget to consider PAYE Settlement Agreements, where relevant. 

HMRC has also published online versions of form P11D(b). The purpose of form P11D(b) is to report Class 1A NIC on expenses and benefits-in-kind and to declare that forms P11D have been submitted to HMRC.

Employers who payroll all benefits-in-kind and so do not need to submit forms P11D must nevertheless submit form P11D(b) to report their Class 1A NIC liability to HMRC.

Readers are also reminded that 31 July 2019 is the deadline for making the second self-assessment payment on account for 2018/19.