P11D

The Daily Mail reported yesterday on the thousands of warning letters sent out incorrectly to UK businesses.

HMRC blamed computer updating – or lack of it – for the error which related to penalties for non submission of forms P11D which declare employees benefits in kind.

Many commentators remain concerned that HMRC want the right in law to take treasury debt direct from bank accounts and state that this sort of internal mis-management is exactly why such powers should not be permitted.