P11D Received today
Discussion
Can anyone tell me.
On my P11D, it shows the total car benefit for my former company car in 09/10
At the bottom, there is a Car Allowance- Profit figure (Fixed Profit Car Scheme).
This figure is -£130.00
So can someone explain to me does that mean I get some sort of rebate on the - £130.00 (assuming that I of course haven't under paid on the car benefit charge at the top).
On my P11D, it shows the total car benefit for my former company car in 09/10
At the bottom, there is a Car Allowance- Profit figure (Fixed Profit Car Scheme).
This figure is -£130.00
So can someone explain to me does that mean I get some sort of rebate on the - £130.00 (assuming that I of course haven't under paid on the car benefit charge at the top).
Edited by CatherineJ on Friday 25th June 12:31
Hi Eric.
I did have a company car. It was returned on 16/09/09.
Since then I have had a car allowance of £250 per period. (which I haven't been taxed on) and my tax code returned to 647. In addition I receive (currently) 14.5p a mile in fuel allowance.
The "form" looks more like an internal form rather than an inland revenue document.
In terms of what i've claimed from my employer.
Well They automatically pay me the £250 and I claim on average £150 a period in fuel (a period is 4 weeks).
I did have a company car. It was returned on 16/09/09.
Since then I have had a car allowance of £250 per period. (which I haven't been taxed on) and my tax code returned to 647. In addition I receive (currently) 14.5p a mile in fuel allowance.
The "form" looks more like an internal form rather than an inland revenue document.
In terms of what i've claimed from my employer.
Well They automatically pay me the £250 and I claim on average £150 a period in fuel (a period is 4 weeks).
Edited by CatherineJ on Friday 25th June 13:11
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