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Sam
Sam, Accountant
Category: UK Tax
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HI SAM. I AM COMPLETING A P11D FOR OUR DIRECTORS AND THEY

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HI SAM. I AM COMPLETING A P11D FOR OUR DIRECTORS AND THEY ONLY HAVE ALLOWABLE EXPENSES AND NO BENEFITS IN KIND. THERE ARE THEREFORE NO CLASS 1A PAYMENTS TO MAKE. DO I STILL NEED TO SUBMIT A P11D (b)?

Hi

 

Thanks for your question

 

What allowable expenses are these - just mileage within the HMRC rates or something else? As you may still have to submit P11ds for the directors to make S336 claims, and Class 1A may still be due

 

 

 

Thanks


Sam

Customer: replied 3 years ago.

The expenses are fuel for the company vans, paying suppliers and some office expenses. No mileage claims.

Hi

 

Thanks for your response

 

Then these must be declared on the P11d, as these are expenses that the directors have paid out of their own pocket and been reimbursed for, and the P11d has to be submitted and then a S336 claim made detailing that these should be exempt from tax as they were incurred wholly and exclusively in the performance of their duties.

 

So enter the costs in Box N (so no Class1A liability) see P11d notes http://www.hmrc.gov.uk/guidance/p11dguide.pdf

 

Thanks


Sam

 

Hi

 

So yes NIL P11db needs submitting too

 

Thanks

 

Sam

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