Informs HMRC of any expenses/benefits received from your employer, other than salary. If income is <£8,500 you’ll get a P9D form instead. The P11D will be needed when you need to file a Self Assessment.
Employers will need to file one with HMRC every year for all employees receiving expenses/benefits outside of the salary.
Examples:
These benefits are usually taxable, but will be offset by the PAYE tax code, so you’ll be liable to pay more tax.
Our first post on our blog! We can't wait to show you what's next
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Here’s how Earnr helps Etsy sellers organise their income and pay themselves a regular salary
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As part of our interest in supporting Etsy sellers, we’ve been doing some digging into the current state of the Etsy world as lockdown becomes more and more a thing of the past.
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