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My company will reimburse but my thinkng is that HMRC then get a "double dip"
My company will have to pay me a lump sum which is of course taxable at 45%, which then leaves me with the overall amount required based on the £24k @45% = £10.8k so that I pay them in JANUARY after my self assessment is submitted .. so government gets the same amount twice ?
Sorry, I wasn't too clear..
Company pays directly to landlord but I get taxed on benefit via P11D.
Company then has to pay me a gross amount which will net at £10.8k which I owe to HMRC to clear my tax bill.
So HMRC gets the extra tax on the gross amount through my salary and then the payment from me for the unpaid tax.
I guess to fix then company would be better paying me a monthly sum to cover the rental and I pay direct to landlord, therefore no BIK on P11D .?