This month we are focusing on Payroll Year End & P11d – This week we are looking at What is Included on a P11d Benefit In Kind Expenses Form?
Benefits are items that a company pays for its Directors and employees as a benefit over and above their normal salary, for example:
- Company cars
- Health insurance
- Assets provided to an employee, that have significant personal use
- Self-Assessment fees paid by company
- Non-business travel expenses
- Non-business entertainment expenses
There are now some exceptions that do not need to be included and this are:-
- Travel (including subsistence costs associated business travel)
- Business entertainment expenses
- Credit cards used for business purposes
- Fees and subscriptions
Do you know someone who needs help with benefits in kind, give them our details, 01473 558866