If I have P11d expenses in box 16 on the P11d which were reimbursed and they are wholly business expenses do I put them in box 16 on the SA form and offset them in boxes 17-20 so they cancel out?
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Not sure - but I thought that anything that was on a P11d was a taxable benefit in kind - I don't think that you can declare it to be purely for business purposes.
I might be wrong though...Loopy Loo -
Can't remember the box numbers but yes they go in twice as expenses claimed and as valid expensees incurred. Net tax should be 0.
Have heard different versions reported even from professionals but P11D should have on it anything that is potentially a BIK, even if it is is incurred for valid business reasons. HMRC may check that the things in your SA boxes match what is on any P11Ds.Last edited by xoggoth; 4 January 2010, 10:36.bloggoth
If everything isn't black and white, I say, 'Why the hell not?'
John Wayne (My guru, not to be confused with my beloved prophet Jeremy Clarkson)Comment
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Thanks.
Next question is: Why are they are on the P11d anyway, is it just so the burden of proof is on the employee rather than the employer?
Does anyone just leave them off the self assesment as the tax code and sa calc will be clearer?Comment
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