Originally posted by TheCyclingProgrammer
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Previously on "P11D if its an allowable expense, but paid by employee"
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Expenses payments made to, or on behalf of, the employee (eg travelling, entertainment)
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Originally posted by Contreras View PostAssuming that the rental is secondary accommodation wholly for business use in relation to travel to a temporary workplace ...
On the P11D it should be categorised under travel expenses, not accommodation. There should be no NIC charge on this.
On the SA you copy the numbers from the P11D to the relevant section in the SA, which creates a tax charge. In the next section you declare the same amount as incurred wholly for business, which cancels out the tax. As explained here. There is no tax to pay.
That you paid out-of-pocket and (presumably) were reimbursed by the co. is of no consequence to the above, the filing would be identical had the company paid on your behalf.
P11D deadline was back in July, so it's not clear why you are doing it now. (?)
Btw, the company can apply for a dispensation (P11Dx) which would exempt it from all this.
ps. IANAA. What does yours say?
Im using the online p11D form and I cant see travel expenses. the sections are.....
Cars and car fuel
Mileage allowance and passenger payments
Vans and van fuel
Assets transferred (cars, property, precious metals or other assets)
Assets placed at the employee's disposal
Expenses payments made to, or on behalf of, the employee (eg travelling, entertainment)
Interest-free and low interest loans
Living accommodation
Other items (including subscriptions and professional fees)
Payments made on behalf of the employee
Private medical treatment or insurance
Qualifying relocation expenses, payments and benefits
Services supplied
Vouchers or credit cards
And I picked Living accomodation which gave a big NIC charge.
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When you did your last payroll submission did you tick the box to say a P11D would be due?
What Contreras said anyway. Box N on your P11D for travel, subsistence and temp accommodation/hotel costs. I suspect you've put it in the box for regular accommodation which does incur a BIK NIC charge.
You have to reclaim this on your self assessment.
If your only expenses are business travel related it's worth applying for a dispensation.
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Originally posted by Contreras View PostAssuming that the rental is secondary accommodation wholly for business use in relation to travel to a temporary workplace ...
On the P11D it should be categorised under travel expenses, not accommodation. There should be no NIC charge on this.
On the SA you copy the numbers from the P11D to the relevant section in the SA, which creates a tax charge. In the next section you declare the same amount as incurred wholly for business, which cancels out the tax. As explained here. There is no tax to pay.
That you paid out-of-pocket and (presumably) were reimbursed by the co. is of no consequence to the above, the filing would be identical had the company paid on your behalf.
P11D deadline was back in July, so it's not clear why you are doing it now. (?)
Btw, the company can apply for a dispensation (P11Dx) which would exempt it from all this.
ps. IANAA. What does yours say?
Leave a comment:
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Originally posted by captainjon View PostHi,
I'm just doing my self assessment and P11D as contractor/director. I personally paid for renting a place while
working away from home. I assume this needs to go onto the P11D, but when I added it, it gave me a big NIC charge.
Can this be fixed in the P11D as an allowable expense with 0 to pay, or does this need to be claimed back in the self assessment form?
thanks
Jon
On the P11D it should be categorised under travel expenses, not accommodation. There should be no NIC charge on this.
On the SA you copy the numbers from the P11D to the relevant section in the SA, which creates a tax charge. In the next section you declare the same amount as incurred wholly for business, which cancels out the tax. As explained here. There is no tax to pay.
That you paid out-of-pocket and (presumably) were reimbursed by the co. is of no consequence to the above, the filing would be identical had the company paid on your behalf.
P11D deadline was back in July, so it's not clear why you are doing it now. (?)
Btw, the company can apply for a dispensation (P11Dx) which would exempt it from all this.
ps. IANAA. What does yours say?
Leave a comment:
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P11D if its an allowable expense, but paid by employee
Hi,
I'm just doing my self assessment and P11D as contractor/director. I personally paid for renting a place while
working away from home. I assume this needs to go onto the P11D, but when I added it, it gave me a big NIC charge.
Can this be fixed in the P11D as an allowable expense with 0 to pay, or does this need to be claimed back in the self assessment form?
thanks
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