The P11D value states the value of your vehicle as seen by HMRC as a taxable benefit.
The P11D value of your car is the cost price, including VAT, plus any delivery charges. It also includes the cost of any options fitted by the manufacturer. It does not include the car’s registration fee or annual road tax. The term P11D comes from the name of the form employers need to complete to inform HMRC about the PAYE scheme their employees are on.
In FleetManagerPlus the P11D value of every car in your fleet is on the system and easy to find. So whenever the person with responsibility for your fleet, or one of your drivers, wants to know the P11D value for a vehicle, they simply log in and take a look at FM+
If you would like to find out more on how FleetManagerPlus could help you manage your fleet please contact us.