P11D Avoidance Question

[cojak]

Has'nt cost me anything yet - just waiting for the knock on the door now that HMRC knows what I've been asking and where I live.

ftfy

[Old Greg]

ftfy

<cough> http://forums.contractoruk.com/busin...al-forums.html

The OP is simply trying to run a business, and we should offer our expert advice in a mature and collegiate manner.

[Podgy]

<cough> http://forums.contractoruk.com/busin...al-forums.html

The OP is simply trying to run a business, and we should offer our expert advice in a mature and collegiate manner.

Hear hear - I dont know why some people on this site are so arrogant & rude - its not necessary.

Anyway I've done the P11d which took a milisecond.

[northernladuk]

Hear hear - I dont know why some people on this site are so arrogant & rude - its not necessary.

Anyway I've done the P11d which took a milisecond.

He was being sarcastic....

[Higgs Boson]

That is probably wise, you won't like what he says about the car amongst other things. Better to stay in the dark and at risk than do the right thing. Right on brother...

Post of the month so far.

[Old Greg]

He was being sarcastic....

Don't judge others by your own standards.

It took the OP a millisecond. Not only has he saved himself accountancy fees, but he's saved himself a fortune in tax, because - and we should all note this - his company car is effectively not available for private use. They is the key.

[Contreras]

It took the OP a millisecond. Not only has he saved himself accountancy fees, but he's saved himself a fortune in tax, because - and we should all note this - his company car is effectively not available for private use. They is the key.

Yeabut it should have taken more than a millisecond.

Accommodation (hotels / flat lease / bills)
Company car / petrol
Business Lunch/s etc

I'm not actually claiming anything back from the company & everything is for business use only - do I still need to complete the P11D?

Yes, P11D is required and you must declare accommodation and subsistence expenses (whether or not paid for directly by the company), even if there is no tax charge.

[Podgy]

Yeabut it should have taken more than a millisecond.



Yes, P11D is required and you must declare accommodation and subsistence expenses (whether or not paid for directly by the company), even if there is no tax charge.

Yep - I can add-up real quick