Onfolk currently does not support P11D reporting or the registration of non-payrolled benefits. Here's what you need to know about handling P11Ds while using Onfolk for your payroll:
What are P11Ds?
P11D forms are used to report benefits and expenses provided to employees or directors that aren't included in the regular payroll. This includes items like company cars, private health insurance, or gym memberships. There are two types of P11D forms:
P11D (Employee): This form details the benefits and expenses received by each employee.
P11D(b) (Employer): This summarizes the total benefits provided and any Class 1A National Insurance contributions due on those benefits.
At present, Onfolk does not offer the ability to register non-payrolled benefits or generate P11D forms for either employees or employers.
Handling P11Ds
To fulfill your P11D reporting obligations, we recommend speaking with your accountant. They can guide you through the process of preparing and submitting these forms to HMRC.
P11Ds typically need to be filed by 6 July following the end of the tax year. Ensure you discuss this with your accountant well in advance of the deadline.