P11d Form Section L: Assets Placed at Employees Disposals

P11d Section L: Assets Placed at Employees Disposals covers the assets used privately by employees, but not included elsewhere on the P11d form.

P11d Form Section L: Assets Placed at Employees Disposals

Cars and vans are included in sections F and G of the P11d form, so other assets such as a company bike or company television need to be captured in this section.

The benefit in kind value of such assets is 20% of the list price or market value of the asset at the date of purchase, based on the actual number of days that the asset was made available for the employee.

Remember assets that are to be included in this box must be company owned and used privately by the employee.

Anita Forrest
About Anita Forrest

Anita Forrest is a Chartered Accountant, spreadsheet geek, money nerd and creator of www.goselfemployed.co - the UK small business finance blog for the self-employed community. Here she shares simple, straight-forward guides to make self-employment topics like taxes, bookkeeping and banking easy to understand.