How to Complete Form P46 (Car)

In the month 1 FPS of a tax year, the employee is entitled to claim the cash equivalent of his car. The calculation should include the list price of the car plus any accessories. It should also include the employee’s capital contribution. The amount payable must be accurate. However, payments made for private use and amounts’made good’ must not be included. It is also necessary to input the ‘expected cash equivalent’ of the car when sending the information for the first time.

If your employer is not registered yet, you must complete the form P46 (Car). The headings will show you the details that you need to enter in your first FPS. For example, you must enter the model and make of your car. Also, you must enter the date of its registration. This date is on the V5C, so you can make sure it is correct.

If you have made any mistakes on your FPS, make sure you amend the information accordingly. If the amount of cash equivalent and the relevant date of the tax year are wrong, you should change them. You should also make sure to correct the date of the car’s first registration or zero emission mileage.

The background of your photo should interact with your car rather than overpower it. A distracting background may cause the viewer’s attention to wander away from the subject. If possible, choose a background that enhances your subject. While posed shots look cool, it’s more fun to capture your car while it’s in motion.