Completing my first P11(d) - the company has repaid me for expenses incurred for business. My understanding is that travel and subsistence go in N, software, stationery etc is exempt so not included and where any overnight subsistence paid over £5 (UK) and £10 (overseas) the full amount should also go in box N. Is that right? And what do I put in the amount made good box? The same figure as I had already incurred these expenses and it was just a straight repayment of the cost incurred? Thank you
System of Law: England-and-Wales
Hi.The amount made good box is for payments you have made to your employer as described in the P11D guide here. That box should be left empty. So, the same figure goes in the Cost To You (the employer) and the Taxable Payment boxes.You, as the employee, will either have to make a claim in your self-assessment tax return if you complete one so that the reimbursed expenses are not assessed on you or, if you don't complete an annual tax return, you can write a letter to the tax office making a claim for the business expenses under Section 336 ITEPA 2003 as follows:"I hereby claim relief under Section 336 ITEPA 2003 for the following expenses which were reimbursed to me by my employer during the year ended 5 April 2012 and which were incurred wholly, exclusively and necessarily in the performance of my employment duties."Let me know if you have any further queries.
Ok, thank you. And what about my question relating to where these items should go on the form and how they should be treated? Are they correct?
The full amount reimbursed to you for travel and subsistence should go in section N Travel and subsistence payments "Cost To You" and "Taxable Payment".
Inc Tax, CGT, Corp Tax, IHT, VAT.