Making Good a Benefit in Kind

Posted on 24th April 2023 by Joanne Stoneman

It's almost the time of year we start completing our P11ds...

It's almost the time of year we start completing our P11ds.

Did you know that an employee or director can make good a benefit to avoid paying the income tax, the company paying class 1NIC?

This can be done out of own funds, or for a director shareholder by way of a dividend.

This must be done by 6 July.