Business lease benefits, BIK explanation
Discussion
Can someone please explain to me how this works.
I understand the BIK part in terms of costs.
Ie a £50k car at 2% on an EV would amount to £1000 taxable benefit.
But if I was to order a car through a business lease, For example this:
https://leasing.com/independent-brokers/snows-dire...
What would my ltd company save/reclaim in terms of tax efficiencies
Thanks in advance
I understand the BIK part in terms of costs.
Ie a £50k car at 2% on an EV would amount to £1000 taxable benefit.
But if I was to order a car through a business lease, For example this:
https://leasing.com/independent-brokers/snows-dire...
What would my ltd company save/reclaim in terms of tax efficiencies
Thanks in advance
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