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Help! P11D Expenses on Self Assessment Online
M1st3rD
Posts: 3 Newbie
in Cutting tax
Help! I’m nearly there with my first self assessment but I’m floundering on my expenses. It’s a long story so I’ll stick to the point.
The income amount for my employer is taken off my P60 and does not include my expenses. My expenses are for hotels, travel and outlay for items that I have bought and used for work. Nothing complicated. No benefit in kind. Money out, money replaced.
A) If I add my expenses to “Employment expenses or capital allowances while working for employer”, the calculations takes my expenses off the income before tax, which reduces the tax and is then wrong.
If I add my expenses to “Taxable benefits and expense payments from employer”, it adds that to the main income figure and then taxes the whole figure and is then again wrong.
The only thing I can think to do is to add my P60 and P11D amounts for employer income so that A works correctly but this doesn’t seem right when everything says that is should be the P60 figure..
I’ve been back through the forum for over the last year (and pretty much every forum on the internet) over today and am still stumped.
Please could someone who knows put me out my misery and let me know what I’ve missed? It should surely be easier than this for a very simple tax return!
The income amount for my employer is taken off my P60 and does not include my expenses. My expenses are for hotels, travel and outlay for items that I have bought and used for work. Nothing complicated. No benefit in kind. Money out, money replaced.
A) If I add my expenses to “Employment expenses or capital allowances while working for employer”, the calculations takes my expenses off the income before tax, which reduces the tax and is then wrong.
If I add my expenses to “Taxable benefits and expense payments from employer”, it adds that to the main income figure and then taxes the whole figure and is then again wrong.The only thing I can think to do is to add my P60 and P11D amounts for employer income so that A works correctly but this doesn’t seem right when everything says that is should be the P60 figure..
I’ve been back through the forum for over the last year (and pretty much every forum on the internet) over today and am still stumped.
Please could someone who knows put me out my misery and let me know what I’ve missed? It should surely be easier than this for a very simple tax return!
0
Comments
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Nothing complicated. No benefit in kind. Money out, money replaced.
Am I correct in saying that you put in an expenses claim to your employer who subsequently reimburses the amount? If so, why are you putting them on your self assessment return? Do they appear on a P11D that your employer hasgiven to you?0 -
Am I correct in saying that you put in an expenses claim to your employer who subsequently reimburses the amount?
That is correct.If so, why are you putting them on your self assessment return? Do they appear on a P11D that your employer hasgiven to you?
They do appear on my P11D. The guidance for the self assessment says that you need your P60, P11D etc so I assumed the information needs to go in somewhere.
From your question I guess that only some of the P11D information needs to go on there, presumably benefits in kind?
Many thanks for your answer. I thought I was being stupid and it seems I was!0 -
Then do both.A) If I add my expenses to “Employment expenses or capital allowances while working for employer”, the calculations takes my expenses off the income before tax, which reduces the tax and is then wrong.If I add my expenses to “Taxable benefits and expense payments from employer”, it adds that to the main income figure and then taxes the whole figure and is then again wrong.
On the SA102 enter the benefits figure from your P11D in box 16 (to declare receipt of the money).
Enter the same figure in box 17 (to claim relief for the expenses).0 -
Brilliant! The answer is A+B! It never crossed my mind to enter it twice.. Many Thanks! :beer:0
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