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  3. How do you report benefits in kind with HMRC?

How do you report benefits in kind with HMRC?

There are two forms that should be considered when reporting benefits in kind with HMRC: Form Plld and Form Plld(b).


Form Plld

As your accountant we will take care of this for you by reporting any expenses and benefits paid to directors and employees that have not been subject to PAYE tax on a form P11D (return of benefits and expenses) after 5th April each year and file this with HMRC. You should retain a copy of your Plld as you will need to add these amounts onto the employment section of your self-assessment return.

Form Plld(b)

A P11D (b) will also be sent in along with the P11D, this will show the amount of additional Class 1A National Insurance due on the benefits. If there are no benefits or additional tax to report, then you are still obliged to confirm this with HMRC, if you are asked to complete a form P11D.  The value of any taxable benefit is also reported on your personal tax return to ensure you pay the correct amount.

Updated on 28th July 2023

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