P11D 2016-17 - info pls P11D 2016-17 - info pls
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  1. #1

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    Default 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. #2

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    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)

  3. #3

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    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; 29th March 2017 at 20:14.
    "You’re just a bad memory who doesn’t know when to go away" JR

  4. #4

    I live on CUK

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    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

  5. #5

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    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.

  6. #6

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    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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