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Posted Wed, 14 Feb 2024 11:15:18 GMT by
Question - Our company has a threshold for monthly lease payments that the company will pay and anything above that the employee has to contribute. Is this payment taken from net pay and then shown on the P11d under capital contributions to reduce the BIK vale ?
Posted Tue, 20 Feb 2024 09:39:24 GMT by HMRC Admin 20
Hi Sarah@BMS,
If the payment is made from the Net pay, that is after deductions then you would enter it under amount made good.
This will reduce to total value of the benefit and thus the benefit charge amount.
Thank you.

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