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Where Taxpayers and Advisers Meet

Negative P11d Value

SAY101
Posts: 4
Joined: Fri May 12, 2017 3:16 pm

Negative P11d Value

Postby SAY101 » Fri May 12, 2017 3:22 pm

I have an ex-employee who left in March 2016 and the P11d benefit value of his Health Insurance was correct at that point in time. P11d was submitted for that year.

Subsequently, we received a refund of his premium. This has caused the 2016/17 benefit value to be negative.

How do I deal with this? Do I submit a negative return or a correction of his prior return? or ignore it?

Many thanks for any advice you could give.

SteLacca
Posts: 439
Joined: Fri Aug 07, 2015 2:17 pm

Re: Negative P11d Value

Postby SteLacca » Mon May 15, 2017 3:35 pm

Amend the previous P11D, don't submit a negative P11D.

SAY101
Posts: 4
Joined: Fri May 12, 2017 3:16 pm

Re: Negative P11d Value

Postby SAY101 » Tue May 16, 2017 8:42 am

Thanks for your response SteLacca.

Appreciate your help.


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