Personal Tax Summary for the tax year ending 5 April 2016 Name First Last Email National Insurance Number1. Summary of earnings through your limited companyNet dividendsSalaryYour current dividend policy is:2. Expenses reportable on P11d and personal tax returnThe following figures summarise expense claims that you have provided to IMS for the period 6/04/2015 - 05/04/2016. If your company operates a PAYE Scheme some of the expenses will be returned on the form P11D as these must be reported to HRMC for reporting to HMRC. Those reported on P11d will also be included in your Personal Tax Return. The form P11D will be submitted to HMRC on 27 April 2016 so please review the figures and contact your Tax and Accounts management team if any do not match your personal records. NOTE: Some expenses are reportable on the form P11D; you may notice that some categories such as Business Mileage and Computer Hardware are missing. If the P11d complies with the guidance on our website this is correct as not all expenses should be included in this submission. Expenses for the 2015-2016 tax year cannot be submitted after the submission deadline above. 2.a. Non-taxable expensesThese expense claims were submitted as solely and exclusively for business, and as such will not incur Income Tax or Class 1A Employers National insurance. They will also be shown in section S336 on your Personal Tax return. As a director you have to ensure that this declaration is correct and they comply with: · The expenses guidance here at incomemadesmart.com · HMRCs guidance here at legislation.gov.uk P11d SubsistenceThis figure includes expenses submitted under travel, subsistence, parking and accommodation. Note: Upon review please make sure that you are familiar with the "24 month rule". Further guidance could be found on incomemadesmart.comP11d Other non-class 1A itemsThis figure includes expenses submitted under journals, tools and equipment, and marketing.Non-Class 1A items Subscriptions and professional feesThis figure includes expenses submitted under legal and professional fees, and memberships.Staff EntertainmentThis figure includes expenses submitted under staff entertainment.Business EntertainmentThis figure includes expenses submitted under business entertainment.2.b. Benefits in kindSubject to income tax and Class 1A Employers National insurance contributions.Benefits in kindI confirm that all details of expenses, payments and benefits that have to be recorded on form P11D for the year ending 2016 have been submitted and I declare that the details on these are fully and truly stated to the best of my knowledge and belief.*ConfirmedNot confirmed3. Employment history on file for the year-to-dateIf any employment is not reflected in 3.a. please use 3.b. to update us with those details and upload the supporting P45 and/or P60. Please include any Pension income information in this section.3.a. Details for your employments we have on recordIncomeTax Deducted3.b. Please add any employments not reflected aboveAdd an employment and click the plus symbol to add another:EmployerEmployer PAYE ReferenceIncomeTAX deducted Please upload a P45 and/or P60 for each employment listed Drop files here or 4. Your personal tax liability forecast for the 2016 tax yearWe have calculated your potential personal liabilities for year based on the information we have on file. The following is guidance and aims to assist you with planning your personal cash flow. · All personal liabilities must be covered in a personal capacity, i.e. using your personal bank account. · This is not a final figure and is subject to change should you supply any additional information. · Any tax liability will be due to be paid to HMRC by 31/01/2017. If you have made any 'Payments on account' towards your 2015/2016 tax liability, they will be offset against your liability for that year.Personal tax forecastStudent loan liability5. Please let us know about your other income for the year-to-dateSubmit all your actual figures regardless of whether they've been submitted before. Regular up-to-date information is the best way to ensure efficient tax processes.Do you have a student loan in the UK?*YesNoWill the student loan be repaid in the next two years?*YesNoTotal student loanAgain, figures in 4. are subject to change should you supply any additional information.Do you receive child care benefits?*YesNoTotal child care benefit received*For the year-to-dateDo you receive rental income?*YesNoTotal profits from rent*For the year-to-dateHave you received any interest from banks?*YesNoNet interest figure*Please add any other income for the year-to-dateDescriptionIncome Other income could include a state pension, a private pension, a job seekers allowance, investments, property, bank interest, etc.Please upload any further supporting documentation Drop files here or 8mb limitThank you for reviewing your summaryPlease indicate if you would like a call back to discuss this summaryNo call back necessaryPlease call me back
