Expenses and benefits: assets made available to an employee
What to report and pay
If the asset isn鈥檛 exempt, you must report it to HM Revenue and Customs (HMRC) and may have to pay National Insurance on it.
Assets for business use only
Some expenses relating to assets for business use are covered by exemptions (which have replaced dispensations). This means you won鈥檛 have to include them in your end-of-year reports.
If you don鈥檛 have an exemption, you must report on form P11D. You don鈥檛 have to deduct or pay any tax or National Insurance.
Assets for personal and business use
You must:
- report on form P11D
- pay Class 1A National Insurance on the value of the benefit