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P11D Working Sheet 2 Car and Car Fuel Benefit to GOV 2023

P11d PDF 2023-2024 Form

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[Music] hello this is julius from basic financials today i'm going to do a video about benefits in kind um or employment benefits uh the other name that you might have heard for this is forms p11d now what these are is when you're employed by a business then sometimes it's quite common for and those businesses to give you sort of little benefits for example they might have some sort of um health insurance scheme whether that be medic private medical health or it could be dentists something like that and so they may well put you on the on the scheme if you've been with the company for business for a while and that is what as benefit and kind is so in other words the employer is paying for something that gives you a benefit that you're getting because you're employed with them now that's very good of them um it's great but there is a tax consequence for you there's also a national insurance consequence for them and they pay 13.8 national insurance on the value of the benefit um but that'

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