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Post Info TOPIC: P11D implications
kimrs007


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P11D implications
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Hi guys,

I was hoping someone could just give me a bit of help!

We don't currently submit p11ds as we have the exemption, however we may need to change things soon due to the company expanding fairly quickly.

 

What I can't seem to find anywhere is info on exactly what deductions are taken and from who.

 

My main questions are really:

1) how is the tax and NI  for benefits provided e.g. contributions to phone bills deducted from the employee? If the contribution from the company was just added to their gross wage they would have tax and NI deducted through payroll anyway so do they get another deduction as well via their tax code being altered?

2) are there any additional costs for the employer? Other than time of collating  all the info!!

 

Apologies for the basic potentially stupid questions....

 

Many thanks in advance

 

Kim

 



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Kim Ellison
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