What are PAYE draft forms: P11D Working Sheets
The UK tax system requires employers to report benefits provided to employees that are not covered by Pay As You Earn (PAYE) tax deductions. This reporting is done through the P11D and P11D(b) forms, which detail these benefits and expenses, and ensure that the correct tax is paid on them. The P11D Working Sheets are an integral part of this process, as they assist employers and payroll software developers in accurately calculating and reporting these benefits.