Reporting 2024/25 Benefits and Expenses – What Employers Must Know
Employers who gave employees any taxable benefits or expenses during the 2024/25 tax year must report them to HMRC.
This blog explains what steps are needed based on how those benefits were handled – payrolled, included in a PSA, or reported through a P11D.
Payrolled Benefits Explained
If benefits were payrolled in 2024/25, tax was already collected through payroll under RTI. You don’t need to send a P11D for those items.
But you still need to submit a P11D(b) form to report your Class 1A National Insurance.
You must also give employees details of their payrolled benefits by 1 June 2025. You can send this by email, on their payslip, or by letter.
P11D and P11D(b) Filing
If you did not payroll benefits or include them in a PSA, you must send HMRC a P11D for each employee by 6 July 2025.
You also need to file a P11D(b) to confirm that all P11Ds were submitted and to report your total Class 1A NIC due.
- Forms must be filed online – paper versions are not accepted
- Use HMRC PAYE Online if you file up to 500 P11Ds
- Or use payroll/accounting software
Don’t forget – you must also give employees a copy of their P11D or share the information by 6 July 2025.
What is a PAYE Settlement Agreement (PSA)?
A PSA lets you pay tax on certain benefits for your employees. It can only be used for small, one-time, or hard-to-track items.
These benefits don’t need a P11D or to be included in the Class 1A NIC return.
A PSA stays valid until you cancel it or HMRC cancels it. If you want to change or cancel a PSA for 2024/25, do this by 5 July 2025.
Need to set up a new PSA? Do it by the same date.
Class 1A National Insurance Deadlines
Your Class 1A NIC payment is due by:
- 22 July 2025 if you pay online
- 18 July 2025 if you pay by cheque
Late payments may face interest or penalties. As your expert team for employment tax and payroll,
Khoob Accountancy can help avoid these issues.
How Khoob Accountancy Can Help
- We guide you through reporting 2024/25 benefits and expenses
- We file your P11D, P11D(b), and handle Class 1A NIC
- We set up or cancel your PSA if needed
- We offer virtual accounting services across the UK
Whether you need help from accountants in Kensington, Barnet accountants, or
a French speaking accountant in London, our team is here to support you.
Contact Us Today
Reporting employee benefits can be stressful, but it doesn’t have to be.
Khoob Accountancy offers easy, reliable support for all your
tax and payroll needs, including Class 1A NIC and P11D filing 2025.
Reach out now to ensure you meet your July deadlines. We also offer full virtual office accounting service
and personalised support.
