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Form

PAYE: interest free and low interest loans (P11D WS4)

Use form P11D WS4 if you're an employer and need to work out the cash equivalent of providing loans to an employee.

Updates to this page

From:
HM Revenue & Customs
Published:
4 April 2014
Last updated:
6 April 2026
Show all updates

  1. The P11D WS4 has been updated for the 2025 to 2026 tax year.

  2. The P11D WS4 has been updated for the 2024 to 2025 tax year.

  3. The P11D WS4 has been updated for the 2023 to 2024 tax year.

  4. The P11D WS4 has been updated for the 2022 to 2023 tax year.

  5. The P11D WS4 has been updated for the 2021 to 2022 tax year.

  6. A new version of form P11D WS4 has been added for the 2020 to 2021 tax year.

  7. A new version of form P11D WS4 has been added for the 2019 to 2020 tax year.

  8. Form P11D WS4 for employers to work out the cash equivalent of providing loans to an employee for 2018 to 2019 has been published.

  9. Form P11D Working Sheet 4 for tax year 2017 to 2018 has been added to this page.

  10. Form P11D WS4 for employers to work out the cash equivalent of providing loans to an employee for 2016 to 2017 has been published.

  11. Form P11D WS4 for employers to work out the cash equivalent of providing loans to an employee for 2015 to 2016 has been published.

  12. Form P11D WS4 for employers to work out the cash equivalent of providing loans to an employee for 2014 to 2015 has been published.

  13. First published.

Documents

P11D working sheet 4: interest ­free and low interest loans 2025 to 2026 (P11D WS4)

Ref: P11D WS4

PDF, 105 KB, 2 pages

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Details

If you’re an employer, you can use the P11D WS4 worksheet to calculate the cash equivalent of loans you provide to employees or directors.

You do not have to use this form, but you may find it useful.

Email HMRC to ask for this form in Welsh (Cymraeg).

Expenses and benefits: loans provided to employees
Guidance for employers who provide loans to employees.

Expenses and benefits for employers
Guidance for employers who provide expenses or benefits to employees or directors.

480: Expenses and benefits — a tax guide
Guidance on tax law relating to expenses payments and benefits received by directors and employees.

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