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Does gross income include P11d cash equivelant ?

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tk1
Posted by
Elite Member

13 Aug 14 #442002 by tk1

Topic started by tk1

Some advice please.
I received my assessment from the CSA (CMS) and which seemed £90 per month more than i had anticipated.
After reading through i noticed that my gross income was £3500 more than my salary.
I called CSA and they said it was the figure reported by HMRC.
I double checked and then realised that my gross income (according to the CSA) is my P60 + the value on the F11d (company car cash equivalent).
Please can someone confirm that this is the case.
Surely my gross income is what im paid on my payslip not what the HMRC deem na additional cash equivalent for my car?
Thanks in advance

MrsMathsisfun
Platinum Member

13 Aug 14 #442075 by MrsMathsisfun

Reply from MrsMathsisfun

Unfortunately if its taxable then its classed as income under new scheme. The only income not included is pension contributions.

tk1
Posted by
Elite Member

14 Aug 14 #442097 by tk1

Reply from tk1

Thanks MrsM .. so much knowledge

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