P11d

[Bluebird]

Am I right in thinking that expenses paid for out of my own pocket & re-imbursed by MyLtd to me personally appear on the P11d?

If I use my Company Credit Card to pay for, say, a train ticket - then it doesn't get put on, but if I paid using my own CC and claimed it back then it would?

Thanks

[Pickle2]

Am I right in thinking that expenses paid for out of my own pocket & re-imbursed by MyLtd to me personally appear on the P11d?

If I use my Company Credit Card to pay for, say, a train ticket - then it doesn't get put on, but if I paid using my own CC and claimed it back then it would?

Thanks

Thats my understanding.

[Platypus]

If I use my Company Credit Card to pay for, say, a train ticket - then it doesn't get put on

You might want to check - last place I worked as a permie (15 yrs ago), the accountants included stuff which was paid on the company credit card. When I queried this, they assured me it was correct and also that I shouldn't worry because the numbers cancelled out because all were legitimate business expenses.

[tino]

Am I right in thinking that expenses paid for out of my own pocket & re-imbursed by MyLtd to me personally appear on the P11d?

If I use my Company Credit Card to pay for, say, a train ticket - then it doesn't get put on, but if I paid using my own CC and claimed it back then it would?

Thanks

Pretty much, why it matters though I can't fathom

[Pickle2]

You might want to check - last place I worked as a permie (15 yrs ago), the accountants included stuff which was paid on the company credit card. When I queried this, they assured me it was correct and also that I shouldn't worry because the numbers cancelled out because all were legitimate business expenses.

Was it really a company credit card, or was it a corporate card in your name that the company cleared every month?

[Mustang]

Am I right in thinking that expenses paid for out of my own pocket & re-imbursed by MyLtd to me personally appear on the P11d?

If I use my Company Credit Card to pay for, say, a train ticket - then it doesn't get put on, but if I paid using my own CC and claimed it back then it would?

Thanks

That's exactly as I understand it. With MyCo expenses that get remimbursed, there is a "balancing" entry on the P11D since they are not in effect a 'perk'. With things like PHI and mobile phones for private use they would have no balancing entry as they are a Benefit in Kind.

If Myco pays you things that are not allowable as a business expense (i.e. they have a policy to pay for your lunch when working away from your office) then these are also listed since they are a BiK

HTH. Remember, I am not an accountant and this advise is worth as much as you paid for it.....!!

[Archangel]

That's exactly as I understand it. With MyCo expenses that get remimbursed, there is a "balancing" entry on the P11D since they are not in effect a 'perk'. With things like PHI and mobile phones for private use they would have no balancing entry as they are a Benefit in Kind.

If Myco pays you things that are not allowable as a business expense (i.e. they have a policy to pay for your lunch when working away from your office) then these are also listed since they are a BiK

HTH. Remember, I am not an accountant and this advise is worth as much as you paid for it.....!!

mobile phones for private use are not a benefit in kind. (one per employee is allowed)