P11D Reporting Deadline 2025

Matthew Crabtree from GLX Advisory wears a dark-coloured quarter zip jumper with a dark blue tie and holds a phone receiver while he smiles during a conversation.

With the P11D reporting deadline 2025 fast approaching on 6th July and the 2024/25 tax year now closed, now is the time to make sure everything is in order.

If your business offers perks such as company cars, private medical cover, or director loans, these are classed as benefits in kind, and must be reported to HMRC as part of the P11D process.

Key points to consider:

The value of any benefit is treated as taxable income for the employee or director and is usually taxed via an adjustment to their tax code.
Employers must also submit a P11D(b) to report and pay Class 1A National Insurance at 13.8% on most taxable benefits.
Payment of Class 1A NIC is due by 22nd July 2025 (or 19th July if paying by post).

The most common reportable benefits include:

Company cars and fuel
Mileage reimbursements above HMRC’s approved rates
Director’s loans exceeding £10,000
Private medical insurance

Benefits that have already been processed through payroll (if registered in advance) and trivial benefits within HMRC’s exemption rules don’t need to be reported.

Did you know that you can now choose to payroll certain benefits? This means adding them directly to employees’ payslips, reducing admin time, and eliminating the need for year-end P11D reports (though a P11D(b) is still required). Registration with HMRC must be completed before the start of the tax year.

From April 2026, payrolling benefits will become mandatory, which will replace most P11D reporting altogether, so preparing early for this change will help smooth the transition.

If you need help meeting the P11D reporting deadline 2025, understanding the changes, or implementing payrolling for benefits, contact our team today!