UK Tax Questions? Ask a UK Tax Advisor for answers ASAP
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Yes you do, and then along with the P11d submission you also need to make a S336 claim, to ask for all those expenses that have arisen 100% for business purposes, be not charged on you for tax purposes
Hi Sam. I apologise for clarifying as I am getting conflicting information.
Do all of the costs incurred above - even those that are personal and not business, need to go on the P11D? The personal expenses are recorded as directors loan expenses and set against my loan account which is in credit.
Yes - as that is the correct procedure for dealing with expenses arising and ALL expenses are subject to being advised to HMRC on form P11d - (of course this is if your salary is more than £8500 a year) regardless on where the DLA comes into play.