HM Revenue & Customs (HMRC) announced last year that from April 2009 employers no longer had to submit form P46 (Car) for replacement company car changes and that from April 2010 forms P46 (Car) relating to replacement company car changes would no longer be accepted.
The industry told HMRC about the impact of this on employers and employees, so it has been working with a small group to determine how it might resolve this.
HMRC has now stated that it cannot make changes for the current tax year, so P46 (Car) replacement company car notifications for 2010-11 still won’t be accepted.
But from April 2011 fleets will be able to notify HMRC electronically of any replacement car changes. The paper form P46 (Car) won’t be changed, so only electronic notifications of replacement company cars will be accepted.
For up to date guidance on completing form P46 (Car), please follow the link below.