Dedicated Parking Space at Work

Ajubatus

My understanding is that if an employer allocates a specific parking space to an employee that the employer completes a P11D and that the employee should account for this on their self assessment as a benefit. Am I correct or is it more involved than that?

BoGoF

If the space is at the employers premises then I do not think there is a taxable benefit

TheCyclingProgrammer

BoGoF wrote: »

If the space is at the employers premises then I do not think there is a taxable benefit

Correct. According to HMRC guidance, parking spaces provided at or near an employer's premises are exempt under the benefits code and shouldn't be reported on the P11D.

https://www.gov.uk/expenses-and-benefits-parking-spaces/whats-exempt

Further technical guidance:
https://www.gov.uk/hmrc-internal-manuals/employment-income-manual/eim21685

NineDeuce

Parking a taxable benefit? If so, then be careful that the oxygen they provide you via their ventilation system isnt taxable....

BoGoF

NineDeuce wrote: »

Parking a taxable benefit? If so, then be careful that the oxygen they provide you via their ventilation system isnt taxable....

Dont speak too soon

https://www.nottinghamcity.gov.uk/transport-parking-and-streets/parking-and-permits/workplace-parking-levy/

Not HMRC to blame for this

00ec25

NineDeuce wrote: »

Parking a taxable benefit

you have limited knowledge of tax history?

the rules changed wef the Finance Act 1988