Hi - Need help with P11D's as this is the first year I have had to deal with them!!
There are two Directors both have company cars and fuel which I think is fairly straightforward? However one of the Directors receives each month in payroll (post tax & NI) various expenses repayments ie stationery, parking, phone calls etc, my question is do I have to include these on the P11D??
I avoid payroll like the plague, so haven't had much work on P11D, but I believe the expense claims are just simple reimbursements and not needed. However, I do notice section N, so perhaps one of the payroll bods will confirm that.
-- Edited by FoxAccountancyServices on Monday 30th of June 2014 11:17:20 PM
Strictly speaking reimbursed expenses go on the P11D> It's a total waste of time and energy though as it is not taxable. HMRC will then inevitably think it is taxable and change a tax code to collect the tax or issue a demand. You will then send in a s336 claim if this hasn't already happened and be back to the position you would have been in had you not processed the P11D correctly.
