Asset Allocation Maintenance
This screen is used to set up parameters for any asset allocation to the benefit of an employee/director.
The values are used in the computation of any tax liability on P11D returns
If your are unclear as to the meaning of this, you are strongly advised to seek some professional advice
Daily Value of the Benefit
Enter the daily rate that represents the value of the use of the asset to the employee/director for P11D purposes.
Enter any lump sum additional expenses that need to be added to the beneficial value for the use of the asset to the employee/director for P11D purposes.
Enter any lump sum contributions from the employee/director for the use of the asset. These contributions will reduce any P11D liability
Enter any days that the asset is not available for use by the employee/director in the period. P11D liability is reduced pro-rata to the total period of use.