Assets made available to an employee

Assets like computers, televisions, and bicycles provided to employees can impose tax, National Insurance, and reporting obligations. No reporting is necessary to HMRC for office equipment used exclusively for business. If assets are part of a salary sacrifice arrangement, employers usually need to report them to HMRC.

For assets used personally and for business, employers must report them on a P11D form, with Class 1A National Insurance payable on the benefit’s value. The P11D form, used by employers, lists ‘benefits in kind’ for directors or employees.

Calculating the value of a piece of equipment available to an employee becomes complex, involving various steps based on the circumstances at hand.