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Confused over expense claims/P11d

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    #31
    Originally posted by *Clare* View Post
    If you add an expense to section N of the P11D then it shouldn't be taxable, therefore no need to add it to your tax return.
    Ermmmm..... why does it say "Taxable payment" at the top of the 3rd column in section N then?

    Where does it say (on HMRC's website or elsewhere) that expenses added to section N of the P11D shouldn't be taxable?

    I am curious as i have just received my first P11D from an umbrella company.
    Contracting: more of the money, less of the sh1t

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      #32
      Originally posted by Lumiere View Post
      What is the deadline for P11D filling, just wandering why my accountant hasn't asked me yet to provide my expenses records for 09/10 tax year ?
      If your P35 was filed declaring that no P11d was due then no worry. However if you are due to submit one the payment deadline for class 1a NICs was 19th July.

      There is a MONTHLY penalty of £100.

      I would check with your accountant if one was due.

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        #33
        Originally posted by SallyPlanIT View Post
        If your P35 was filed declaring that no P11d was due then no worry. However if you are due to submit one the payment deadline for class 1a NICs was 19th July.

        There is a MONTHLY penalty of £100.

        I would check with your accountant if one was due.
        Thanks Sally.

        The accountant insists there is no need to submit one at all, as there were no BIK expenses.

        (but I paid lots of travel expenses from my personal cards during the year - was eventually reimbursed by the company)

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