P11D expenses and self assessment

[devnull]

Hello, perhaps someone could help my understanding here.

My employer issues a 20-21 P11D to me in May. This only has my private medical figure on it, nothing else.

When I complete my self assessment, there is usually an amount outstanding to pay to HMRC, which suspiciously looks to about there or thereabouts 40% of the figure of the private healthcare.

Having had private medical reported in the same way on my P11D before and everything balancing out, it seems odd that I have to retrospectively pay the tax.

Or is that exactly the point of reporting these benefits in kind on the P11D, i declare them and pay the tax?

Thanks for any help!

[Starfighter]

Have you checked your tax code via the HMRC web site?

I have zero faith in my employer’s payroll contractor and always check it over myself and make the adjustments required.

[CharlesElliott]

Normally the HMRC would adjust your future tax code on the assumption that your P11D benefits will continue.

[devnull]

interesting - thanks for the quick replies.

I did ring HMRC this year to declare my salary figures, I asked about the medical value on the P11D and the agent said something along the lines of 'not to worry, its handled in a different way'.

So shrug. Lucklily the amount is below the 3k limit before you have to pay outright, so i can either pay or have it collected in my code.

[deckster]

CheesecakeRunner said:

When I've been in this situation, my tax code has been adjusted by the value of the medical insurance.

This has been my experience also. Although less useful since I moved to a role with a greater element of variable commission, as now HMRC seem incapable of letting more than a couple of months go by without wildly changing my tax code

It all seems to come out in the wash though.