Enables you to create parameters used in system calculations for P11D. You can create different sets of parameters with different effective dates. You should create a new set of parameters for each tax year, to reflect the latest figures specified by HMRC. You can copy a set of parameters from a previous tax year to use it as the basis for a new set.

Note: You can obtain the latest figures for the P11D parameters from your tax office or refer to the current edition of HMRC booklet 480, Expenses & Benefits. Please check these figures against the P11D Statutory Parameters csv file supplied by Zellis.

To access this screen, enter fast path HR560S1.

Selection

Effective Date

Enter the effective date of the P11D parameters that you want to maintain, or select one by clicking WINDOW to display P11D Versions.

If the effective date does not exist, a prompt is displayed allowing you to create the new date. If you choose to create the new effective date, Copy P11D Parameter Version is displayed where you can copy an existing set of parameters and amend the details.

General

Earnings Threshold

Enter the earnings threshold for higher paid employees, as specified by HMRC. You do not have to produce a P11D form for employees whose earnings (including benefits) are below this amount. The system produces a P11D form for all employees, regardless of their earnings.

Mortgage Relief Limit (Miras)

Enter the monetary limit eligible for MIRAS relief.

Mortgage Relief Perc (Miras)

Enter the maximum MIRAS relief percentage.

Accessories Minimum

Enter the threshold above which the value of car accessories is taxed.

Capital Contribution Limit

Enter the limit of the amount that can be contributed towards the cost of a company car before it is taxed.

Relocation Stat. Qual. Sum

Enter the threshold above which a relocation allowance is taxed.

Official Interest Rate

Enter the average official interest rate for the tax year.

Loan Report Limit

Enter the threshold above which a loan is taxed.

Mobile Phone Benefit

Display only. The amount of benefit applicable to an employee supplied with a mobile phone by the employer.

Note: This benefit has been removed but this field has been retained to display the benefit for previous years.

Leaver Cut-off Date

Enter a date, up to which a P11D form is still produced for leavers. This date overwrites the tax year start date as the leaver cut- off date.

Buttons

General Benefit

Click this button to display P11D Car Benefits, where you can set parameters used by the system to calculate taxable car and fuel benefits.

Company Miles

This button is not enabled if the Effective Date is after 6 April, 2002. Click this button to display P11D Car Mileage Parameters, where you can set car business mileage parameters.

Private Miles

This button is not enabled if the Effective Date is after 6 April, 2002. Click this button to display Maintain P11D Mileage Parameters, where you can set business mileage parameters for privately owned cars.

Car Fuel

Click this button to display P11D Car Fuel Parameter, where you can set the fuel benefit amount.

Car Taxation

Click this button to display P11D Car Taxation Parameters where you can set car taxation and emission parameters. P11D Car Taxation Parameters is displayed if the effective date is before April 2011.

P46 Car

Click this button to display P46 (Car) Parameter, where you can specify how requested P46 (Car) forms are produced.

General Settings

Click this button to display P11D General Settings, where you can set general parameters that control the processing of P11Ds.

Notes

Click this button to display Maintain Note Detail, where you can enter any notes or comments you want to record.

MD560S1