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P11D 2016-17 - info pls

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    P11D 2016-17 - info pls

    Saw a mention on a different thread that we no longer need to put mileage and some other items on a P11D from this year - which seemed to be backed by accountants here. However I couldn't find any thread directly talking about the details of this - or anything nice on google.
    Can someone confirm this is the case - ideally with a link to summat relevant - before we get to tax year end and start completing these delightful forms. I,am assuming as directors we still have to submit them anyway - or is that no longer the case either?

    Thank you in advance to all the nice accountant bods on here

    #2
    IANAA

    I always thought you didn't need to mention mileage on the P11D as long as you didn't exceed the approved mileage rate (45p for the first 10k, 25p thereafter, IIRC)

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      #3
      Here you are - linky

      and this linky

      and this linky

      and this linky from the AAT

      and this is the bulletin they refer to linky scroll to page 9

      Hopefully that's enough info saying the same thing.
      Last edited by SueEllen; 29 March 2017, 20:14.
      "You’re just a bad memory who doesn’t know when to go away" JR

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        #4
        Oh and those who want more bed time reading to help them go to sleep this is the link to HMRC employers bulletins - linky
        "You’re just a bad memory who doesn’t know when to go away" JR

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          #5
          TLDR; P11Ds haven't gone away but you no longer need to report a lot of the commonly reported expenses that you would then have to claim for on your tax return - travel, accommodation, subsistence, phone calls etc. - are now covered by exemptions.

          These are similar to dispensations (which have been abolished) but you don't need to apply for them.

          Comment


            #6
            oh this is a welcome simplification I think. First linky mentions trivial benefits so this is relevant, is capped at £300 per tax year...

            https://www.gov.uk/expenses-and-bene...ivial-benefits
            This default font is sooooooooooooo boring and so are short usernames

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