
P11D Working Sheet 2 Car and car fuel benefit 2023 to 2024 Note to employer Do not use this form if the benefits are provided under an optional remuneration arrangement. Instead use working sheet.
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How to fill out the UK P11D WS2 online
The UK P11D WS2 form is essential for calculating cash equivalents for car and car fuel benefits provided to employees and directors. Completing this form accurately ensures compliance with HM Revenue and Customs regulations for the tax year 2023 to 2024.
Follow the steps to successfully complete the form online.
- Press the ‘Get Form’ button to obtain the form and open it in the editor.
- Fill in employer details, including employer name, PAYE reference, and work number or department.
- Enter employee details, such as first names, surname, and National Insurance number.
- Provide details about the car, including the make, model, and date of first registration.
- Indicate whether the car was the only one made available to the employee; if not, ensure working sheets are completed for each car.
- Enter the list price of the car as published; if applicable, include the notional price for cars without a list price or classic cars.
- Input the price of accessories associated with the car and enter the combined value of the car and accessories.
- Record any capital contributions made by the employee toward the cost of the car or accessories.
- Calculate the price used for the car benefit charge for the tax year by subtracting capital contributions from the total.
- Determine the appropriate percentage for car benefit calculation based on the car's registration date, fuel type, and emissions.
- Calculate the car benefit charge for the full year, considering any deductions for unavailability and private use.
- Compute the car fuel benefit charge if applicable, applying any necessary deductions for unavailability.
- Finalize by saving your changes, with options to download, print, or share the completed form.
Be proactive and complete your P11D WS2 online for accurate and efficient filing.
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Get answers to your most pressing questions about US Legal Forms API.
How do you calculate personal use of a company car?
The company car fringe benefit should appear on your payslip/IRP5 under source code 3802. The monthly fringe benefit is calculated by taking the cost of your car multiplied by 3.25% (if there is a maintenance plan in place) or 3.5% (with no maintenance plan).
What is Parker's P11D value?
For the purposes of calculating company car tax, you need to know the P11D Value of your company car. Essentially, this is the list price of the car, including any optional extras, accessories and VAT, but excluding the first-year registration fee and VED.
What is a P11D in the UK?
Your employer might give you a copy of your P11D if they used it to tell HM Revenue and Customs ( HMRC ) about your 'benefits in kind' (for example company cars or interest-free loans). They do not have to do this, but they must tell you how much each benefit is worth.
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