Employer settles Self Assessment liability on BIK
An employer provided an employee with a living accomodation benefit. The value is worked out and put on the 2009 P11D and SA return of the employee. The Company agrees to settle the SA liability on 31 January 2010 and the payment on account for 2009/10 and does so.
The benefit in kind of the SA payment on 31 January needs to be reported on the 2010 P11D. Am I correct under Section B not M as this is an employee not a Director and no beneficial interest in the company.
My fear is that there may be a grossing up issue or does this only apply to tax not deducted on remuneration excluding tax on BIKs.
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Surely you should gross it up.