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Posted Sat, 24 Aug 2024 23:53:25 GMT by Katie Mills
My employer pays the cost of my Visa benefit which makes up a large part of my PllD benefit. My employer as grosses up to make a payment to me to settle the tax on my self-assessment. The amount once reported to HMRC includes the benefit and I receive a K tax. Next year in April I am adding the benefit to estimated income to start paying early. When the PllD is sent to HMRC in July I am assuming I will receive another K tax; however I am already estimating this and the K tax shouldn’t be applied . Do I call HMRC to tell them it will be incorrect and to revert back to my previous tax code with the benefit estimate already there?
Posted Tue, 03 Sep 2024 08:56:31 GMT by HMRC Admin 21 Response
Hi Katie,
If you have had any changes to your previous years P11D figures for the new year, you can speak with our helpline who can make the relevant adjustments - Income Tax: general enquiries.
Thank you.

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