clarification car allowance
Discussion
That's pretty normal in my experience if you are customer facing or visit customers on a regular basis.
Normally less than 5 years old, 4 or 5 doors and words to the effect of must be "appropriate" for business.
I went from a free for all to a restricted policy during a takeover, which was annoying as I'd just picked up a new Porsche Cayman. Luckily I got an exemption from my director which was lucky.
Normally less than 5 years old, 4 or 5 doors and words to the effect of must be "appropriate" for business.
I went from a free for all to a restricted policy during a takeover, which was annoying as I'd just picked up a new Porsche Cayman. Luckily I got an exemption from my director which was lucky.
alec1975 said:
48Valves said:
However my last place and at many others there are restrictions on what the allowance could be spent on. Co2, age, number of doors etc. That said, I could have spent £100 per month on a cheap lease and used the rest for running costs and pocketed the remaining cash.
This is strange, you should be able to spend car allowance where ever and how you want.In most cases these days, employers pay a Car Allowance as it is not pensionable or bonused, so for the employer it is a cheaper option than the equivalent salary increase. You may also find any future pay increases do not affect the car allowance amount either, so in some cases it can work out less effective for the employee in the long run.
AB said:
Visiting the office for team meetings etc, not as a permanent place of work. That's not commuting is it?
You need to be very careful with home based contracts and claiming/saying home is your permanent workplace. Just because your contract states this does not mean that home is your only permanent workplace. I've seen employees come unstuck on this point and then claiming home to office as business travel.What's concerning is there's no fuel rate. Usually you'd be offered a car or car allowance to help you do your job and as part of that you have to fuel the thing. The allowance usually covers the cost of the car, plus insurance and servicing but if business travel takes place the business should pay a rate on the fuel
The OP said something about claiming HMRC
The company should count this as an expense and the employee can claim relief on the difference between that and the rate HMRC state (45p/25p)
Private miles can't be claimed back
The only worry is if private miles take you over a lease milage limitation
The OP said something about claiming HMRC
The company should count this as an expense and the employee can claim relief on the difference between that and the rate HMRC state (45p/25p)
Private miles can't be claimed back
The only worry is if private miles take you over a lease milage limitation
On similar lines. I get a car allowance of £4800 per year. This is for using my car for work purposes as it is an essential tool. (do approx 15k to 20k miles work related). Without it I can't work. The company provides a petrol card for business use only. Any private milage is recorded and pay accordingly. So I pay for my private mileage usage. I tried to use S336 claim stating that this is not BIK but a necessity for the job. I had conlicting responses from HMRC, they don't seem to know. So far for some reason HMRC added this amount to my tax code (thus increasing my tax code) so not paying tax on that amount for the moment. Last year they told me this is not right and I should pay tax and get self assesment.Can anyone tell me what my position is?
Thank you.
Thank you.
Edited by Simon2000 on Wednesday 22 March 16:50
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