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P11D query re: lease car
amgamc1983
Posts: 11
Forumite
can anyone shed some light as i have received my P11D for my NHS lease car.
i pay £333 a month before tax and NI. My tax code is adjusted for this to 503L.
I have received my P11D and the cash equivalent of the car is in box 9 however it shows personal contribution as £0. this means my annual salary which is £11700 for tax credit purposes is £15700 as i have to add the cash equivalent of the car onto my salary.
if i am paying £333 a month surely this should come off the cash equivalent of the car as i am paying for it?
im so confused
i pay £333 a month before tax and NI. My tax code is adjusted for this to 503L.
I have received my P11D and the cash equivalent of the car is in box 9 however it shows personal contribution as £0. this means my annual salary which is £11700 for tax credit purposes is £15700 as i have to add the cash equivalent of the car onto my salary.
if i am paying £333 a month surely this should come off the cash equivalent of the car as i am paying for it?
im so confused
0
Comments
-
What is your gross pay (before tax each month), and what other benefit apart from a car, do you have?
Have you got any other deduction in your tax code?, ie: o/standing debt, underpayment etc0 -
mu gross pay before tax, NI and lease car is £1096 my tax code last year was adjusted duebto the car down to 503L (703L cumul this year)
my car comes off at £333.76
then NI and Tax
no other deductions or benefits and i dont owe anything tax wise etc.0
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