Benefits in Kind
If you are a director of your own UK limited company, you must report 'Benefits in Kind' provided to employees (including yourself) by July 6. This includes private health insurance, company cars, and interest-free loans. These figures are crucial for your individual Self-Assessment filing later in the year.
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Class 1A National Insurance
Employers pay 13.8% NI on these benefits. LSI keywords include 'BiK,' 'P11D(b),' and 'Company Car Tax.' For US expats, these benefits are often considered taxable 'earned income' on the US side and must be included in your gross income calculation for Form 1040.