expenses dispensation - sanity check

Posted by neutru PM | on Mon, 05/03/2012 - 06:35 4469 29 comments | report

sanity check - expenses dispensation. Until I have run into this http://www.hmrc.gov.uk/forms/p11dx.pdf i thought that directors can invoice the company and then reimburse themselves the valid business expenses as they occur without any other complications.

Was not aware it has to be put on P11d and a tax charge arises? not sure I am thinking straight as I have been up from 3am.

Do expenses (valid ones like travel, subsistence etc) need to be put on P11d unless we apply for a dispensation?

many thanks

Comments

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Where

Cloudcounter | Mon, 05/03/2012 - 12:26

sorry, edited. What i meant

neutru | Mon, 05/03/2012 - 07:39

It is pointless

petersaxton | Mon, 05/03/2012 - 08:52

looks like I will have to -

neutru | Mon, 05/03/2012 - 09:00

Dispensations are usually granted

petersaxton | Mon, 05/03/2012 - 09:23

Car hire?

Steve Holloway | Mon, 05/03/2012 - 09:49

car hire

neutru | Mon, 05/03/2012 - 10:12

Ooh another member...

George Attazder | Mon, 05/03/2012 - 11:07

@George Attazder

neutru | Mon, 05/03/2012 - 11:15

Neutru

petersaxton | Mon, 05/03/2012 - 11:28

I wasn't being sarcastic...

George Attazder | Mon, 05/03/2012 - 11:52

it is a client i took over

neutru | Mon, 05/03/2012 - 13:01

Pay in Cash

MartinLevin | Wed, 07/03/2012 - 12:02

car hire

Tom 7000 | Wed, 07/03/2012 - 12:26

This is a perennial

Malcolm Veall | Wed, 07/03/2012 - 12:34

The point of the P11(D)

jmsynge | Wed, 07/03/2012 - 12:55

Dispensations from HMRC perspective

DHarris | Wed, 07/03/2012 - 13:42

Malcolm

petersaxton | Wed, 07/03/2012 - 13:59

Peter

Malcolm Veall | Wed, 07/03/2012 - 15:24

Preferable

petersaxton | Wed, 07/03/2012 - 15:41

spanner

The Black Knight | Wed, 07/03/2012 - 16:10

Unfortunately neutru from

bauer_hilts | Wed, 07/03/2012 - 16:29

My view on this has always

ireallyshouldknowthisbut | Wed, 07/03/2012 - 18:15

Same experience as last post ...

Steve Holloway | Thu, 08/03/2012 - 12:17

Remember- There is only a benefit if there is a personal benefit

Chris Smail | Thu, 08/03/2012 - 12:44

Big fat coward

Malcolm Veall | Thu, 08/03/2012 - 12:50

printer cartridge

Tom 7000 | Thu, 08/03/2012 - 13:02

Belt and braces

cfield | Fri, 09/03/2012 - 00:08

Scary!

danbrown | Sat, 10/03/2012 - 13:08