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Posted Tue, 05 Sep 2023 12:41:15 GMT by MDHLLC
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
Posted Thu, 07 Sep 2023 14:18:25 GMT by HMRC Admin 19

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

Thank you.

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