Employer and Employee data relevant to the Employee the P11D needs to be completed.
Make and Model - can be found on the home page of your Love Electric company portal. If you need help accessing this please contact our team at [email protected]
Date the car was first registered - this can be found in your monthly payroll report (accessed through the company portal), under the heading ‘date registered’
Was this the only car made available to the employee? - this relates to whether your employee had any other company cars over the course of the tax year.
(1) (A) - the list price of the car is the same value as what we call the ‘P11D value’, this value can be found in your monthly payroll report as well as the driver payment schedule.
(2) Price of all accessories - when the vehicle is ordered, all additional accessories on the car are included in the ‘P11D value’, so section ‘B’ will show as £0
C - As B is £0, this means for C it will match the P11D value of the car
(3) Capital contributions - there are no capital contributions required through the salary sacrifice agreement, so section ‘D’ will show as £0.
(4) With all the above information, E will again match with A and B, the P11D value of the car
(5) Car’s fuel or power type - the fuel type will be A - all other cars
F & G - Approved CO2 Emissions figure - as we deal with purely electric vehicles, this will always be 0. So this is the figure we use for F and G.
H - Approved zero emission mileage - this is not applicable as box G is 0 g/km, so box H will be left blank
I - Whether the car is registered before or after the 6th of April 2020, due to the CO2 emissions and fuel type, either way ‘I’ will be 2%.
As the vehicles through the Love Electric salary sacrifice scheme have approved CO2 emissions figures and are registered after 1 January 1998, we are required to fill out section 5a. This means sections 5b and 5c are non-applicable.
Calculate the car benefit for the full year - E (P11D value) x I (2%) = M
Make any deductions for days the car was unavailable - Employees should only be charged for the period the car was available to them, therefore please check the lease delivery date - this can be found on the company payroll report. Please also check if any lease has reached maturity, or a vehicle has been returned early as these would need to be reported as well.
(7) (N) - if the car was delivered or returned part way through the tax year, you will need to calculate how many days the lease was not active for.
(7) P and Q - formulas to calculate these are shown on the form.
Sections 8 and 9 do not apply as there are no deductions for payments for private use, nor car fuel benefit charge, so these can be left blank.
For any additional support, please contact [email protected]