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Where Taxpayers and Advisers Meet

Company NIC company car zero salary

pcheaven
Posts:7
Joined:Mon Nov 18, 2013 4:41 pm
Company NIC company car zero salary

Postby pcheaven » Sat Oct 02, 2021 8:54 pm

Some advice pls, I own a LTD company, no employees, for land development. I am not paid a salary
How do I calculate the class 1 NI due if the company buys a car for my use - it will be a full EV with a purchase price of £51,000

TIA

robbob
Posts:3146
Joined:Wed Aug 06, 2008 4:01 pm

Re: Company NIC company car zero salary

Postby robbob » Mon Oct 04, 2021 10:15 am

Normal rules apply - read rules as to how complete p11d and calculate class1A- you will need to setup paye scheme if one is not already setup.
You should also submit car p46 form to confirm you will have use of car.


https://www.gov.uk/guidance/how-to-complete-forms-p11d-and-p11db


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