ludovico
Apprentice
Joined: 19 Oct 2005
Posts: 2
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 Posted: 03/30/08 - 23:06 Post subject: |
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| Directors taxes are very tricky question. Strictly speaking, you indeed need to list it on P11D form. Strictly speaking yes, you need to list that. However, after that you can claim these expenses on your tax return. It is actually a more favorable option, as you will not lose the amount of money you normally will. However, since the rules are not 100% clear, you need to contact HMRC and see with them all the particular details of such an option. I hope you will find the information helpful. Best of luck. |
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