Why submit one if you have no BIK. Was there ever a case of HMRC issuing a penalty for no P11D etc where there is no BIK ?
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A new twist in the HMRC P11D/expenses cockup
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Originally posted by Lumiere View PostWhy submit one if you have no BIK. Was there ever a case of HMRC issuing a penalty for no P11D etc where there is no BIK ?
So, as far as HMRC are concerned, the figure on Box N is liable to tax until you tell them otherwise when you fill out your SAR. It's silly, but those are the rules. As you can see from the above posts, I got a dispensation so I no longer need to put them on my P11D.Comment
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Originally posted by Clare@InTouch View PostSavings income at higher rates is dividends. It happens a lot, and you just have to call HMRC and explain you file a tax return and it will be dealt with then - they do it all the time and it's infuriating as it's an absolute waste of my time correcting them every year. But that's HMRC for you!Comment
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