Hi all
I’ve been filling in my online return over the last few days, and got stumped on the Employer expenses section. Basically, during 07-08 I was both self-employed (until late 07) and then fully-employed (late 07 onwards).
The latter includes a bit for entering expenses, ideally referring to a P11D that apparently one’s employer might use. I’ve asked my finance dept and MD and their reply was “We don’t need to do P11D’s because we have dispensation to say that everything we pay in expenses is not taxable earnings.” and “There is no P11D therefore there is no need to show any expenses on your return.”
Based on the fact I receive a car allowance + monthly expenses (mileage, sustenance, stationery, travel, etc), can I really exclude myself from filling in expenses?
I’m guessing this makes sense in that the above are not taxable because they’re not stricly “benefits” or “earnings”.
Any feedback would be much appreciated.
SM