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Tax question - Private Medical cover and P11D
y0y0
Posts: 2 Newbie
in Cutting tax
I have just received a tax calculation for 2010-11 saying that I have underpaid on tax for medical insurance.
On my P11D for this period I have
Cost to you - £ 1610
Amount made good or from which tax deducted - £ 1090
Cash equivalent - £ 605
Each month during this period I paid £ 90.82 (12 x 90.82 = 1089.84)
The tax calculation includes the £ 1610 in the income column and zero in the tax paid column for this benefit. Is this correct?
Shouldn't it be £ 605 as I have already paid £ 1090??
Any help thankfully received
On my P11D for this period I have
Cost to you - £ 1610
Amount made good or from which tax deducted - £ 1090
Cash equivalent - £ 605
Each month during this period I paid £ 90.82 (12 x 90.82 = 1089.84)
The tax calculation includes the £ 1610 in the income column and zero in the tax paid column for this benefit. Is this correct?
Shouldn't it be £ 605 as I have already paid £ 1090??
Any help thankfully received
0
Comments
-
Yes - you are right - it should be the £605.0
-
Thanks for the reply
(Just noticed a typo £1610 should be £1695)0
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