P11Ds, Benefits & Expenses

If you want to avoid making costly mistakes, this practical one day course will show you how to correctly identify benefits and expenses that must be reported on the P11D and P9D. Once the items have been correctly identified, we will show you how to correctly complete the forms. Entering the information in the correct fields is essential as some fields attract Class 1A. Overpaying Class 1A can be expensive but not as expensive as omitting to pay it! Fines and penalties for incorrect completion of the P11D and P9D can be punitive and may result in an HMRC Compliance visit.

This course shows you how to calculate the cash equivalent and how to save time by obtaining dispensations. We also explain what a PSA is, how it is calculated and how it can benefit your company.

Course Programme:
• New form P11D for 2007/08 – what’s changed?
• Avoiding common errors
• Calculation the cash equivalent for benefits in kind including
– company cars
– company vans
– employer provided fuel for cars and vans
– beneficial loans
– living accommodation
• Childcare vouchers – what must be reported
• Personal incidental expenses
• How to save time with dispensations
• How to differentiate between business and private travel
• Class 1A and Class 1B NICs

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