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P11D for already taxed benefits?
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SamDude
Posts: 479 Forumite
in Cutting tax
Hello all,
I left my last employer (RBS) in Decemeber due to redundancy. I have found new employment, so my post is not about leaving or finding work.
Whilst employed at RBS for the previous 9 years, I had various non-taxable flexible benefits - one of the things was a reloadable shopping card, where you could add funds from salary and save 3-10% at various retailers/restaurants/etc. The funds were added from net salary, so they did not save me any tax or NI.
I've received a P11D statement for 2016/17 from RBS detailing the distribution charge and card cost for this benefit. The amounts listed are:
Gross amount £1900
Amount made good: £1819
Cash equivalent: £81
The £81 is the amount due to be taxed.
I have never had a P11D generated, so I am confused about why this has come through - is it a mistake, or does the fact that I left RBS employment mean I am due to pay tax on an already taxed amount?
I'm not able to call RBS HR until Tuesday, so I was hoping someone can shed some light on this for me?
I left my last employer (RBS) in Decemeber due to redundancy. I have found new employment, so my post is not about leaving or finding work.
Whilst employed at RBS for the previous 9 years, I had various non-taxable flexible benefits - one of the things was a reloadable shopping card, where you could add funds from salary and save 3-10% at various retailers/restaurants/etc. The funds were added from net salary, so they did not save me any tax or NI.
I've received a P11D statement for 2016/17 from RBS detailing the distribution charge and card cost for this benefit. The amounts listed are:
Gross amount £1900
Amount made good: £1819
Cash equivalent: £81
The £81 is the amount due to be taxed.
I have never had a P11D generated, so I am confused about why this has come through - is it a mistake, or does the fact that I left RBS employment mean I am due to pay tax on an already taxed amount?
I'm not able to call RBS HR until Tuesday, so I was hoping someone can shed some light on this for me?
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