We’d like to remind Forumites to please avoid political debate on the Forum.
This is to keep it a safe and useful space for MoneySaving discussions. Threads that are – or become – political in nature may be removed in line with the Forum’s rules. Thank you for your understanding.
📨 Have you signed up to the Forum's new Email Digest yet? Get a selection of trending threads sent straight to your inbox daily, weekly or monthly!
The Forum now has a brand new text editor, adding a bunch of handy features to use when creating posts. Read more in our how-to guide
company car
AJF56
Posts: 2 Newbie
Due to redundancy I changed employer and returned my company car 21.8.20 . Started new job in the September but with no company car so I informed HMRC i no longer have a benefit of a car and they adjusted my tax code. Last week I received a letter from HMRC to say I have underpaid tax by just over £1000. I spoke again to HMRC but this time they tell me I am taxed on the benefit of a company car - the full amount for 12 months even though last 7 months I did not have a car. I kept asking the question why and have tried to check HMRC rules but cannot get a second opinion. On checking my P11D from last employer the benefit on there is apportioned so a little confused.
Any ideas /guidance please?
Any ideas /guidance please?
0
Comments
-
These things tend to depend on the facts so,
What happened when they adjusted your tax code? It should have retained the company car benefit entry, albeit for a lesser amount.
What benefit is shown on your 2020:21 P11D?
What benefit is shown on your 2020:21 tax calculation from HMRC?
0 -
thanks for your response. managed to speak to another adviser at HMRC and they have my P11D which shows the reduced benefit amount and looks like they are adjusting my tax code back .... takes a long time to sort these things out but hoping all done and dusted!0
Confirm your email address to Create Threads and Reply
Categories
- All Categories
- 354.3K Banking & Borrowing
- 254.4K Reduce Debt & Boost Income
- 455.4K Spending & Discounts
- 247.3K Work, Benefits & Business
- 604K Mortgages, Homes & Bills
- 178.4K Life & Family
- 261.5K Travel & Transport
- 1.5M Hobbies & Leisure
- 16K Discuss & Feedback
- 37.7K Read-Only Boards