P11D's expenses

Rachel
Rachel Registered Posts: 348 Dedicated contributor 🦉
in General accounting discussion
Anyone else feel that they have been wasting their time doing P11D's for genuine business expenses just to then claim them back. Am I missing something is there a reason. Obviously I understand for cars etc but genuine business travel etc.

I am pleased the larger company I have, have a dispensation agreement.

Point of this thread? Am I missing something? Is there an easier way for a one person Ltd company?

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  • Monsoon
    Monsoon Registered Posts: 4,071 Beyond epic contributor 🧙‍♂️
    Rachel wrote: »
    Anyone else feel that they have been wasting their time doing P11D's for genuine business expenses just to then claim them back. Am I missing something is there a reason. Obviously I understand for cars etc but genuine business travel etc.

    I am pleased the larger company I have, have a dispensation agreement.

    Point of this thread? Am I missing something? Is there an easier way for a one person Ltd company?

    Yes they are pointless but unless you get a dispensation there's no way round them. Dispensations aren't that hard to get.

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