P11D Reporting

Please can I check the P11D reporting requirements based on the scenario below? Private medical Insurance has been provided to employees covering tax year 2023-2024. The invoice was paid for the cost of providing this benefit on 1st April 2023. Can I check in which tax year the benefit should be reported on the P11Ds? Is it when the cost is incurred or is it when the cover is in place? I've always understood it to be the period the benefit covers - so in the example above, it would be reported on P11ds in July 2024 for tax year 23-24. However, I've come across an example of it being reported on the previous tax years P11D due to the employer incurring the cost of providing the benefit in the previous tax year. Thank you

Hi,

The benefit should be reported when it is incurred by the employer, therefore in this case on the 2022/23 P11D.

Thank you.

So if the insurance starts on 1st April 2023 and the payment was on 8th April 2023, which tax year should the benefit in kind reported to HMRC? 2022/23 or 2023/24

Hi
If the payment for the insurance was on 08/04/23 this would be reported on the 2023/24 P11D for the employee(s).