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Tell me everything

22 April 2014 / Lesley Fidler
Issue: 4448 / Categories: Comment & Analysis , P11D , Admin , Employees , Income Tax

It’s what your clients don’t reveal that causes problems with P11Ds


  • Establish the market value of company cars.
  • Establishing that a car is not available for private use.
  • List price of vehicles is key for secondhand cars.
  • Benefit charge on vans.

Some of my clients see the completion of P11D forms as a quick job. “We’ve got one company car and two directors with private medical that’s all ” the bookkeeper tells me “so that’s three forms and I’ve done them already.”

Years of involvement with the P11D process have made me cautious when I hear assertions like this. The company’s accounts show a van fleet and several high-end cars and I know from last year that the directors never seem to have a personal credit card on them when they go shopping.

Unless there is some careful probing for information before...

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