P11 D section M - what do I pay?

[Backtobasics2]

First time I’ve had this pop up so need some help if you wouldn’t mind
I’ve had a works weekend away where you could take your family members with you, work suggested that the amount charged will be very nominal, but when I look at my P11D there is an amount of nearly £1k in there what will I actually pay for that? Would it be 40% of the 1k (or relevant tax bracket?)

[Somebody]

20%, 40% or 45% depending on your marginal tax rate. If taxable income is below £50,270 then 20%, so £200 on the £1k. Your tax code will likely be reduced to take account of this.

Edited by Somebody on Monday 17th June 13:17

[Backtobasics2]

Great thanks