Company Credit cards
kazflan
Registered Posts: 36 Regular contributor ⭐
If an employee has a company credit card, uses it to make a private purchase and then reimburses the company the full amount are there tax and NI implications??
0
Comments
-
Well I suppose following the absolute letter of the law, you'd probably be required to report the benefit and corresponding repayment on the P11d and P11d(b) but, in reality, if an inspector ever did question the payment I don't imagine for a moment that you'd get in any trouble for it.0
-
Get a dispensation and no problem.0
Categories
- All Categories
- 1.3K Books to buy and sell
- 2.3K General discussion
- 12.5K For AAT students
- 388 NEW! Qualifications 2022
- 173 General Qualifications 2022 discussion
- 16 AAT Level 2 Certificate in Accounting
- 78 AAT Level 3 Diploma in Accounting
- 113 AAT Level 4 Diploma in Professional Accounting
- 8.9K For accounting professionals
- 23 coronavirus (Covid-19)
- 276 VAT
- 96 Software
- 281 Tax
- 147 Bookkeeping
- 7.2K General accounting discussion
- 208 AAT member discussion
- 3.8K For everyone
- 38 AAT news and announcements
- 345 Feedback for AAT
- 2.8K Chat and off-topic discussion
- 589 Job postings
- 16 Who can benefit from AAT?
- 37 Where can AAT take me?
- 43 Getting started with AAT
- 26 Finding an AAT training provider
- 48 Distance learning and other ways to study AAT
- 25 Apprenticeships
- 67 AAT membership