Wednesday, 29 September 2010

P46(Car)

HMRC have confirmed that from 2011 it will once again process forms P46(Car) submitted online by employers showing car changes. However, they will no longer be compulsory. Currently, changes during a tax year to employee motor cars are not automatically processed by HMRC. This is an example of how a tax under/overpayment can arise in a year.

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