I have been filing my SA tax return on HMRC website online, and I am stuck at Step 4, and need some guidance.
The website asks me to input my Total pay before tax is taken off as per my P60. The HMRC website notes on this says as follows:-
You should deduct from the P60 figure any payment (before tax is taken off) included in respect of lump sums and benefits paid on, or following, termination of employment, retirement or death, payments or benefits from a former employer or paid for agreeing to restrict your activities. These payments should be included in the 'other UK income' section of your return.
If your employer has reported the amount of a benefit from your employment on your form P11D and taxed that amount through your payroll, you should deduct from the P60 or P45 figure the amount (before tax is taken off) reported on your P11D. You should enter the amount you have deducted from the P60 or P45 figure in the required fields as appropriate. Please refer to any specific advice issued by your employer if you are unsure what figures to enter.
Now, I have a Medical Insurance policy through my employer who pays the premium, and my employer had provided me with a copy of P11D expenses, which shows a Cash equivalent amount filled in under the "Private Medical Treatment or Insurance" heading. However, I am not sure if my employer has already taxed this amount through my payroll.
Should I deduct this benefit amount from my P60 when filling my employment income figure (as advised in the HMRC note)?
The website asks me to input my Total pay before tax is taken off as per my P60. The HMRC website notes on this says as follows:-
You should deduct from the P60 figure any payment (before tax is taken off) included in respect of lump sums and benefits paid on, or following, termination of employment, retirement or death, payments or benefits from a former employer or paid for agreeing to restrict your activities. These payments should be included in the 'other UK income' section of your return.
If your employer has reported the amount of a benefit from your employment on your form P11D and taxed that amount through your payroll, you should deduct from the P60 or P45 figure the amount (before tax is taken off) reported on your P11D. You should enter the amount you have deducted from the P60 or P45 figure in the required fields as appropriate. Please refer to any specific advice issued by your employer if you are unsure what figures to enter.
Now, I have a Medical Insurance policy through my employer who pays the premium, and my employer had provided me with a copy of P11D expenses, which shows a Cash equivalent amount filled in under the "Private Medical Treatment or Insurance" heading. However, I am not sure if my employer has already taxed this amount through my payroll.
Should I deduct this benefit amount from my P60 when filling my employment income figure (as advised in the HMRC note)?
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