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Benefit - A. Asset transferred - List

Use

If an employer / Contractor provides an employee with goods or services, the employee is chargeable on their monetary value. This is normally the second hand value of the goods or services, less any amount the employee reimburses the employer / contractor.

In some cases the second hand value may be less than the cost to the employer / contractor, or the employee may not be able legally to turn the goods or services into money (for example wines and spirits). In these cases the general rule would be not to charge all of the cost to the employer / contractor in providing the benefit to the employee.

This screen displays the list of assets transferred benefit provided to this employee.

Path

Home > Assign Benefits > Asset transferred

OR

Process P11D > Assign P11D Benefit > Asset transferred

Fields Available

The top row displays the details such as name, department, E-Mail address etc. of the selected employee.

The following details are displayed further.

• Ref. No.: This reference is automatically generated.
• Date of Transfer:  This field displays the date on which the asset was transferred.
• Assets: The description of the asset will be displayed here.
• Market value on Transfer Date: This field displays the market value of the asset when it was transferred.
• Amount Made Good: This field displays the amount that the employee has paid towards the benefit.
• Cash Equivalent Amount: The cash equivalent amount will be displayed here.
• Action: The various tasks associated with the data in each row will be displayed here. For example Save, Edit, Remove, etc.

Associated Tasks

• Add New Asset: To assign a new asset to the employee, click on this button. It opens the Asset transferred - Add screen.
• View / Edit: To view or edit the details of the asset transferred to the employee, click on the View/Edit button for the respective asset record. It opens the Asset transferred View screen.
• Remove: To delete the details of the asset transferred to the employee, click on the Remove button in the Asset transferred row. A confirmation message will appear. Click on Yes to continue.
• Done: If you have finished viewing the details and wish to leave this screen, click on this button.

Related Topics