Expenses and benefits: company cars and fuel
What to report and pay
If the cars you provide are not exempt, you must report them to HM Revenue and Customs (HMRC), and you may have to pay National Insurance on the value of the benefit.
Cars for private use
You바카라 사이트™ll need to report this to HMRC separately.
At the end of the tax year, you바카라 사이트™ll also need to:
- report on form P11D
- pay Class 1A National Insurance on the value of the car benefit
See HMRC바카라 사이트™s for full details of the rules and when they apply.
Fuel for private use
If your employee does not pay you back for the fuel they use privately during the tax year, you바카라 사이트™ll need to:
- report on form P11D
- pay Class 1A National Insurance on the value of the fuel benefit
Fuel for volunteer work
You can pay or refund the fuel costs (using the Advisory Fuel Rates) of your employees doing volunteer work.
This is a benefit and you바카라 사이트™ll need to either:
- report on form P11D
- report through a PAYE Settlement Agreement if you wish to pay tax and National Insurance contributions on your employee바카라 사이트™s behalf
Keeping records
You must keep records of all your employees바카라 사이트™ expenses and benefits.
You should keep a record of the car바카라 사이트™s list price - you바카라 사이트™ll need this when you work out the value of the benefit.