Question on filling P11D

[enteruk]

Hi,

I have bought computed and printer for Limited Co. and would like to report expenses on P11D.

What section is the most appropriate for that?

[northernladuk]

The one your accountant advises you to put it in?

[northernladuk]

How did you buy it? You could try googling p11d contractor which should explain it all.

[TheCyclingProgrammer]

If you've bought stuff for the business on it's behalf, then this isn't normally reportable on your P11D. Ideally the invoice for the computer/printer were in the company name too (essential if you want to reclaim any VAT I'd say) but if they're not you should ask your accountant. Having the invoice in the company name is what shows that the assets are the company's, and you've just paid for them but if it's clear that they were purchased on YourCo's behalf then it shouldn't be a problem (to take a more trivial example where there wouldn't probably even be an invoice, just a till receipt: say you bought some stationary from the local shop for your employer because they asked you to and they reimbursed you, this wouldn't be reportable).

Things that are reported on your P11D are normally payments for expenses you've personally incurred (i.e. stuff that was for your benefit directly such as travel expenses) or for particular BIKs.

As a good rule of thumb though, you should try and buy stuff that's for YourCo using YourCo's bank account.