Received letter from HMRC requesting P11D...whats it about

samsul_2

Hi,

I have received a letter from HM Revenue & Customs asking for me to send then the P11D for the tax year ending 5 April 2007 for them to check that i have paid the correct amount of tax.

Can anyone tell me whats this is about? Should I be worried?

Thanks

ManAtHome

Basically about "benefits in kind" - company car, travel/subsistence allowances, BUPA/medical insurance, cheap loans etc. Do you run your own company (if not, your employers should have submitted it).

pchelpman

ManAtHome wrote: »

Basically about "benefits in kind" - company car, travel/subsistence allowances, BUPA/medical insurance, cheap loans etc.

Unfortunately a P11D must include not only details of perks/benefits but also of any reimbursed expenses paid to an employee as well. That aspect sometimes gets overlooked.


PCH

ctm_2

pchelpman wrote: »

Unfortunately a P11D must include not only details of perks/benefits but also of any reimbursed expenses paid to an employee as well. That aspect sometimes gets overlooked.


PCH

Not sure quite why that is 'unfortunate'.

If they are indeed expenses incurred wholly, exclusively and necessarially in the performance of your duties (which they most likely are if your employer has reimbursed them) then you just need to make that clear in your covering letter (otherwise known as a Section 336 claim).

pchelpman

Yes, not usually a problem for the employee but I used the word "unfortunate" because, for many samll employers, this job is a nightmare.

Often benefits/perks are readily identifiable but reimbursed expenses can be difficult to pin down. The result can sometimes be a deficient P11D.

Technically, even if the employer omits reimbursed expenses from a P11D, it is still beholden on the employee to ensure his/her own self assessment Return is fully complete with ALL details. (yes, I know the Revenue probably wouldn't press this in the normal course of events but I have seen the point made in an employer PSA).

Anyway, samsul, just make sure you get a copy of the P11D from your employer (whoever that might be) or, if one hasn't been prepared, get the employer to confirm it.



PCH