Well one situation transpires to be rather tricky.
One director of the owner managed companies is working from home. The company is registered at his home address from where he conducts all his business. So the business premises are also the of the company director's home.
He recently converted his garage to an office and has claimed for all conversion expenses, office equipment etc. from the company.
If the benefit is provided elsewhere than the employer's premises (that must include the employee own home) it says in the revenue guidance that the employee cannot make a non taxable claim for 'extention, conversion or alteration of living accommodation or a building on land adjacent to it, or the constrruction of a building on such land'.
My answers
Disengagement letter
ShirleyM
Sorry it must be me my ingnorance. I do not know what 'PM' means. I do not know where to check for it.
Birgit1
Disengagement letter
Thistle,
I never received a template myself, sorry. But if you manage to locate one I'd like a copy.
Many thanks
And me too, can I have a copy please
Thanks
Birgit
P11 D returns are they necessary
Well one situation transpires to be rather tricky.
One director of the owner managed companies is working from home. The company is registered at his home address from where he conducts all his business. So the business premises are also the of the company director's home.
He recently converted his garage to an office and has claimed for all conversion expenses, office equipment etc. from the company.
If the benefit is provided elsewhere than the employer's premises (that must include the employee own home) it says in the revenue guidance that the employee cannot make a non taxable claim for 'extention, conversion or alteration of living accommodation or a building on land adjacent to it, or the constrruction of a building on such land'.
So which is it to be?
P11D forms
Dear Steve and Chris,
This is exactly the conclusion I came to.
I have not heard about penalties but am nervous that it might cause problems at some point in the future.
I will follow the advice from you both.
Thanks a lot!