Sunday 22 April 2012

Tax event due on May 3

The following Tax Events are due on 03 May 2012:
Deadline for submitting P46(car) for employees whose car/fuel benefits changed during the quarter to 5 April 2012
What this means for you?
This deadline is relevant to employers who provide any employees with the use of a car. The form P46 (car) only needs to be completed where a car is first provided or an additional car is provided, or an employee ceases to have the use of a car without replacement. Where one car is merely replaced with another, this does not need to be reported. The completion of the form enables HMRC to amend the individual's coding notice to reflect the change in benefit.

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