29 Aug 2019 at 20:05 #1 fastwunz fastwunz Soldato Joined 12 Jul 2005 Posts 3,916 Could someone kindly tell me how Personal Usage Contribution works in relation to Benefit in Kind Tax? Im about to order a new company car - my max PUC is £175 PCM. Im trying to understand if the PUC is deducted from the BIK? help!
Could someone kindly tell me how Personal Usage Contribution works in relation to Benefit in Kind Tax? Im about to order a new company car - my max PUC is £175 PCM. Im trying to understand if the PUC is deducted from the BIK? help!
29 Aug 2019 at 21:39 #3 fastwunz fastwunz Soldato OP Joined 12 Jul 2005 Posts 3,916 Thank you that’s really helpful
30 Aug 2019 at 07:07 #4 fastwunz fastwunz Soldato OP Joined 12 Jul 2005 Posts 3,916 So as a higher rate tax payer, my combined puc and bik is around £450 per month. Am I correct that it will therefore cost me the BIK(£450) minus the PUC?(£175) I.e £275 per month?
So as a higher rate tax payer, my combined puc and bik is around £450 per month. Am I correct that it will therefore cost me the BIK(£450) minus the PUC?(£175) I.e £275 per month?
30 Aug 2019 at 22:21 #7 fastwunz fastwunz Soldato OP Joined 12 Jul 2005 Posts 3,916 Yes so actually I’ll pay both BIK and PUC then
