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The Book-keepers Forum (UK) -> VAT, Payroll & Tax -> P11d's
Post Info TOPIC: P11d's
Marky65


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P11d's
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Hi

I have to complete a couple of P11d's for two of my clients and I am slightly confused, think the hot sun is frying my brain.

I have two clients, both ltd companies, 1 director in one company and 1 director, 1 employee in the other. They all have company cars and all earn less than £8500. Do I still complete a P11D as there isn't an option on a P9D to declare a car.

Thanks

Mark

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adi2402


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http://www.hmrc.gov.uk/guidance/p11dguide.pdf


1st page of the guide says who needs to complete a P11d.  You can also give the employers helpline a phone if unsure, they are usually semi helpfull.

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RobH


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Hi Mark,

don't forget that the £8500 is a combination of remuneration and value of benefits in kind. So if director is on around £5k salary and has a car and fuel there is a fair chance he will go above £8500.

Rob

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Rob
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semsley


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You have to be careful with directors and the 8500 rule - most directors will need to complete a P11D even if they are only taking a very small salary.

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Marky65


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Thanks

I had completely forgotten that the £8500 was not just salary. Thanks for reminding me.

Mark

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M & G Associates

Website www.mgassociates-accountancy-services.co.uk/

Accountancy Services Plymouth, Bookkeeping Payroll Sage Training

 
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