P11D Correct Data

HMRC have published today the P11D (corrected) data up to 2016/17 and provisionally for 2017/18. As usual we’ve updated our slide for you and this is below. The key to note is that the total number of company cars fell from 940k in 2016/17 to 890k in 2017/18, but the associated tax and NIC went up. HMRC have pointed out that they believe some of the fall is because they’ve not included cars where the tax/NIC has been “payrolled”