If a company ceases trading during the tax year, HMRC allows P11Ds to be submitted using paper forms instead of requiring an electronic submission.
This exception applies only to employers that have ceased trading during the tax year. All other employers must continue to follow the standard P11D submission process.
Although the submission requirements have changed, all other P11D obligations remain the same, including meeting the applicable filing deadlines.
One benefit of the paper submission option is that employers can submit their P11Ds before the end of the tax year. Electronic P11D submissions can only be made from 6 April, but paper forms can be sent earlier. This allows employers that have ceased trading to complete their remaining payroll and benefits obligations without having to wait until after the tax year ends.
For employers that cease trading partway through the year, this can help simplify the offboarding process and reduce the risk of forgetting to submit P11Ds after trading has ended.
Points to note:
- This exception applies only to employers that have ceased trading during the tax year.
- HMRC accepts paper P11D forms for these employers.
- All standard P11D obligations and deadlines still apply.
- Paper forms can be submitted before 5 April, allowing employers to complete their year-end obligations earlier.
- Electronic P11D submissions remain available only from 6 April onwards.