P11D 2016-17 - info pls

[MPwannadecentincome]

oh this is a welcome simplification I think. First linky mentions trivial benefits so this is relevant, is capped at £300 per tax year...

https://www.gov.uk/expenses-and-bene...ivial-benefits

[TheCyclingProgrammer]

TLDR; P11Ds haven't gone away but you no longer need to report a lot of the commonly reported expenses that you would then have to claim for on your tax return - travel, accommodation, subsistence, phone calls etc. - are now covered by exemptions.

These are similar to dispensations (which have been abolished) but you don't need to apply for them.

[SueEllen]

Oh and those who want more bed time reading to help them go to sleep this is the link to HMRC employers bulletins - linky

[SueEllen]

Here you are - linky

and this linky

and this linky

and this linky from the AAT

and this is the bulletin they refer to linky scroll to page 9

Hopefully that's enough info saying the same thing.

[ladymuck]

IANAA

I always thought you didn't need to mention mileage on the P11D as long as you didn't exceed the approved mileage rate (45p for the first 10k, 25p thereafter, IIRC)

[dmini]

Saw a mention on a different thread that we no longer need to put mileage and some other items on a P11D from this year - which seemed to be backed by accountants here. However I couldn't find any thread directly talking about the details of this - or anything nice on google.
Can someone confirm this is the case - ideally with a link to summat relevant - before we get to tax year end and start completing these delightful forms. I,am assuming as directors we still have to submit them anyway - or is that no longer the case either?

Thank you in advance to all the nice accountant bods on here