Director, running website business from home.
I have not completed a P11D for a few years as I was advised that there was "nothing to report".
* Any business trips made by personal car were paid at the allowable 40p/m.
* Any business costs paid personally (stamps, ink cartridge) were just reimbursed (like paid out of petty cash)
* Allowance for heat and light £180 a year is genuine
Thus no P11D needed to be completed.
Note that the £180 H/L allowance is more than £3 a week. But with my calculations the hardware alone is clocking up ~£200 pa for electric. I'm not bothered about claiming for this but should this be put the P11D?
Hotel / Entertaining Expense
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Last year I met up with clients at an event. The business paid for one night in hotel for myself, wife (employee of business earning more than £8500), kids, and one room for a guest. The business also paid for meal for family and guest. This was paid for with business credit card.
The accountant has accepted this as a valid business expense and the business accounts were completed accordingly.
I assume that this does not have to be reported on P11D, as it was a business expense, and not paid for by me personally?
I have not completed a P11D for a few years as I was advised that there was "nothing to report".
* Any business trips made by personal car were paid at the allowable 40p/m.
* Any business costs paid personally (stamps, ink cartridge) were just reimbursed (like paid out of petty cash)
* Allowance for heat and light £180 a year is genuine
Thus no P11D needed to be completed.
Note that the £180 H/L allowance is more than £3 a week. But with my calculations the hardware alone is clocking up ~£200 pa for electric. I'm not bothered about claiming for this but should this be put the P11D?
Hotel / Entertaining Expense
---------------------------
Last year I met up with clients at an event. The business paid for one night in hotel for myself, wife (employee of business earning more than £8500), kids, and one room for a guest. The business also paid for meal for family and guest. This was paid for with business credit card.
The accountant has accepted this as a valid business expense and the business accounts were completed accordingly.
I assume that this does not have to be reported on P11D, as it was a business expense, and not paid for by me personally?
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