is PMI for directors and families

is PMI for directors and families

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does private medical insurance for the directors and their families need to be shown as a separate expense in the accounts? Client has included it in insurance account. thanks.

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By TerryD
27th Jan 2015 12:20

No need for a separate line, it's OK in insurance. Presumably it also gets picked up as a BIK for directors' emoluments and P11D.

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By johngroganjga
27th Jan 2015 15:40

It doesn't need to be a separate line in the expenses, but it can be if you want. The advantage of it being on a separate line is that can be more easily picked up for the purposes Terry mentions. On the other hand you probably don't want a proliferation of extra lines unnecessarily - and if you start here where would it end?

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