What car does your MD drive?
Discussion
Petrolhead_Rich said:
Two Directors (Equal Share):
320d
520d
I need to find a better workplace!!
On the other hand, maybe it's a sign they're being responsible with company money and re-investing in the future, rather than blowing all the profits on flash cars?320d
520d
I need to find a better workplace!!
(Although, they're probably bought for them by the company, so they've chosen cars with really low BIK liability)
VeeFour said:
On the other hand, maybe it's a sign they're being responsible with company money and re-investing in the future, rather than blowing all the profits on flash cars?
(Although, they're probably bought for them by the company, so they've chosen cars with really low BIK liability)
No, personal purchases not company car's, they just don't really have much interest in driving, which was why I was picking them up in the snow and digging their car's out!(Although, they're probably bought for them by the company, so they've chosen cars with really low BIK liability)
My Dad who was a partner (Now MD) ran a 1995 Jaguar XJR through the compnay at one point the copmpany accountant was doing some stuff for the tax office when they asked why he needed 'such' a car to which our Accountant replied well he has worked for 20 odd years and never paid himself overtime so if if he wanted to run a Rolls Royce with a towbar and roof rack as a works van whats it too you! They never questioned it again.
Downton Mini said:
My Dad who was a partner (Now MD) ran a 1995 Jaguar XJR through the compnay at one point the copmpany accountant was doing some stuff for the tax office when they asked why he needed 'such' a car to which our Accountant replied well he has worked for 20 odd years and never paid himself overtime so if if he wanted to run a Rolls Royce with a towbar and roof rack as a works van whats it too you! They never questioned it again.
Frankly, that's bulls
t.Downton Mini said:
Are you calling me a liar?
Yes.The tax man doesn't go away just because you tell him to.
If there was a tax liability, which there was, then the only way out is to pay it.
Saying that it's a 'company van' and 'I don't pay myself overtime' mean nothing.
Hence, I'm calling bulls
t on your story.For your infomation all the tax liabilties were paid the accountant told them it was none of there business what car he drove which it wasn't isn't otherwise no MD company owners etc would drive half of the cars mentioned in prevous posts.
Edited by Downton Mini on Monday 18th July 16:02
VeeFour said:
Yes.
The tax man doesn't go away just because you tell him to.
If there was a tax liability, which there was, then the only way out is to pay it.
Saying that it's a 'company van' and 'I don't pay myself overtime' mean nothing.
Hence, I'm calling bullst on your story.
I think he meant that other accountants suggested the MD had a cheaper car.The tax man doesn't go away just because you tell him to.
If there was a tax liability, which there was, then the only way out is to pay it.
Saying that it's a 'company van' and 'I don't pay myself overtime' mean nothing.
Hence, I'm calling bulls
t on your story.Downton Mini said:
For your infomation all the tax liabilties were paid the accountant told them it was none of there business what car he drove which it wasn't isn't otherwise no MD company owners etc would drive half of the cars mentioned in prevous posts.
So what did that little outburst achieve?Seems to me it didn't achieve anything, other than to make the person saying it look a bit foolish, as they had to pay the relevant tax anyway.
VeeFour said:
So what did that little outburst achieve?
Seems to me it didn't achieve anything, other than to make the person saying it look a bit foolish, as they had to pay the relevant tax anyway.
My point was who the Tax Office think they are saying what car people should drive it's no one elses business but the person who owns the car. Why should anyone say you souldn't be driving that as a company car? How would you like being told by somebody you shouldn't be driving your car (I don't know what you dirve but I'm sure you drive it becuase you want to?)Seems to me it didn't achieve anything, other than to make the person saying it look a bit foolish, as they had to pay the relevant tax anyway.
Downton Mini said:
VeeFour said:
So what did that little outburst achieve?
Seems to me it didn't achieve anything, other than to make the person saying it look a bit foolish, as they had to pay the relevant tax anyway.
My point was who the Tax Office think they are saying what car people should drive it's no one elses business but the person who owns the car. Why should anyone say you souldn't be driving that as a company car? How would you like being told by somebody you shouldn't be driving your car (I don't know what you dirve but I'm sure you drive it becuase you want to?)Seems to me it didn't achieve anything, other than to make the person saying it look a bit foolish, as they had to pay the relevant tax anyway.
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