P11D tax question?

[unclepezza]

Hi quick question re: P11D

I was made redundant last year and part of the settlement agreement signed after my contract was terminated was I could keep my company issued computer equipment, however this has been entered on my P11D, is this correct as it would appear I now have a tax liability on it?

Doesn't feel correct as I don't recall this type of thing having an impact on my tax code when I have changed jobs and been able to keep IT equipment with permission.

Any pointers as don't want to be screwed over even more!

[Eric Mc]

Was it included as part of the value of your statutory redundancy amount?

Or was it separate?

[unclepezza]

Hi , it was listed in a separate section of the settlement agreement and had no value listed against it.

Does this help?

[sumo69]

You will only have a P11d benefit until the date you left - there shouldn't be any afterwards.

So assuming you left after 6/4/14 there will be a benefit of 20% of the equipment value apportioned to the number of days employed/365.

David