P11D Benefits – 2016/17

Do you have a Limited Company and are currently an employee of that Limited Company? If you are a director of a Limited Company and receiving a salary, you will be an employee. As we have now approached the end of the tax year for 2016/17, we will now be able to finalise the calculations for your P11D Benefit forms for the last tax year ending 5th April 2017. If you have expenses which are a mixture of both business and personal use, we will be able to claim these as company expenses, as long as the expenses are detailed on your P11D for the tax year. This can be a good way to reduce the amount you need to withdraw from your company, as instead of having to pay for these personally, the expenses… [Read more]

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