P11D Correct Data

P11D Correct Data

HMRC have published today the P11D (corrected) data up to 2016/17 and provisionally for 2017/18. As usual we’ve updated our slide for you and this is below. The key to note is that the total number of company cars fell from 940k in 2016/17 to 890k in 2017/18,...
The Latest Statistics from Expenses and Benefits

The Latest Statistics from Expenses and Benefits

The latest statistics from Expenses and Benefits have been produced (link in the comments section). Interesting to note: • These relate to the tax year 2016/17 when most companies are currently submitting their 2017/18 P11Ds – almost a year to produce these...
UK Gov gets blood from stone!

UK Gov gets blood from stone!

UK Gov gets blood from stone! The graph shows the total tax and NIC take from private fuel scale charge compared to the number of employees “enjoying” the benefit (the red line). The Exchequer has kept the tax and NIC above £300m per annum whilst the total number of...
Biggest P11D concerns for 2017/18

Biggest P11D concerns for 2017/18

Some 3.8 million individuals are expected to receive at least one P11D reportable taxable benefit in 2016/17; equating to over £3bn and £1.2bn in tax and NIC respectively. We’ve asked our clients what their biggest concerns were for the coming 2017/18 season. In...
FIVE Facts About P11Ds

FIVE Facts About P11Ds

Tax and employee benefits; FIVE things you might not have known! At £250bn (2015/26) PAYE represents approx. 50% of the UK’s total tax take, and its climbing. £3.9bn of this comes from forms P11D (up 5% on 2014/15). For comparison Inheritance Tax was only £5.1bn. So...
OMG Another Post Around P11D

OMG Another Post Around P11D

OMG another post around P11D – anyone would think we’ve a product to sell! 🙂 I know, I know, it’s like crime in a multi storey car park – wrong on so many levels… See the graph? It shows the total tax and NIC on company cars collected via P11d over a...