Your Company Cars / Car Allowance?

Scheme Type- allowance £462pm
Car- Porsche Cayman S
Business mileage- 1200-1500pm
Personal mileage- 100 pm
Fuel paid for (inc personal) or mileage allowance- something like 17/18p a mile
Rough tax implication- £462 is taxed but MAR reclaims that so pretty neutral
 
Peerzy said:
Just out of interest those of you who have company cars but do minimal work milege - why does your company provide a company car?

Surely the last persons dad didn't need a Merc E Class for 3k a year, so is it just to keep a 'company image' or something?
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As other said its a perk of the job, in the past it was better because I dont think the tax was very high and all the petrol was paid for.

I think some of the other perks included free health insurance for life, free gym membership, free dental and few other things.

That is part of why my dad did not jump ship and move to another company, they may pay a little more but the overall package he had was very good.
 
Not really a car scheme as such, but I get 51c/mile mileage and paid travel time @ $16 per hour too, which is decent enough especially as 90% of my driving is work related and so reimbursed.
 
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Scheme Type- allowance £500pm
Car- Seat Exeo
Business mileage- 200-1000pm
Personal mileage- 200 pm
Fuel paid for (inc personal) or mileage allowance- 14p a mile
Rough tax implication- Standard NI and incoming tax on allowance, reclaim tax relief between mileage rate and HMRC 40p
 
Scheme Type- allowance £250PM
Car- Ford Fiesta 1.6 Petrol
Business mileage- 80-30miles PM
Personal mileage- 150 pm
Fuel paid for (inc personal) or mileage allowance- 20p Per MIle
Rough tax implication- Standard NI and incoming tax on allowance, reclaim tax relief between mileage rate and HMRC 40p
 
Depends on your mileage, one of the other consultants does a lot of miles compared to me (I take the train a lot) and for him the car works out better as he gets a fuel card and all fuel paid.
 
Peerzy said:
Just out of interest those of you who have company cars but do minimal work milege - why does your company provide a company car?
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Mainly because I dug my heels in and refused to use my own car for work when I realised that it was costing me more than the 40p per mile HMRC rate I was paid for business use.
 
Scheme Type- Company Car
Car- Audi A3 Sport
Business mileage 20k a year
Personal mileage- 8k a year
Rough tax implication- £70 a month
 
Guys,

Sorry if this has been answered.

If I get a car allowance of x and pay tax on that, and then decide to lease a car, do I still have to pay tax on the car I am leasing?

I suspect the answer is yes, but just wondering. I am probably being taxed for typing this post but hey ho.
 
jam pie said:
Guys,

Sorry if this has been answered.

If I get a car allowance of x and pay tax on that, and then decide to lease a car, do I still have to pay tax on the car I am leasing?

I suspect the answer is yes, but just wondering. I am probably being taxed for typing this post but hey ho.
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in terms of VAT ? yes you do
 
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