Our understanding is for P11D submission we should be using amounts paid (rather than apportioned over the period the benefit is over). Our Medical Insurance is paid in advance in Feb 23 for Feb 23 to Jan 24. If we submit our P11d for the 22-23 year including the Feb 23 payments, but an employee then leaves in, for example, Sep 23 and the company is credited. How do we rectify their P11d position?
Should we assume, for the purpose of P11D submission that the payments are monthly rather than paid in advance? And so only submit Feb23 and Mar23 into the 22-23 P11D?