We provided an employee with a company car. The employee left our employment on 30 November 2018, however we allowed them to return their company car on 14 December 2018.
Is there period 1 to 14 December a BIK that is reportable on P11d?
Many thanks,
James
Replies (3)
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Yes. Assuming that you issued the P46(car) after 14 Dec starting the withdrawal of the car at that date, HMRC should have changed the individual’s tax code and they would’ve been taxed for that car in their new employment.