Tax question, involves a gtr ??

[Laserline2]

Hi fellow ph'ers, just come across the following statement on the .gov website and hopeing some of you with more experience in the matter would be able to clear this up for me?

"Cars or fuel for employees who earn at a rate of less than £8,500 a year
You don’t have to pay or report on any cars or fuel that you provide for these employees, even if they use them for private journeys."

Using that with the following situation wouldn't this then mean that the employee is liable for no company car tax on this?

Ltd company leasing a Nissan GT-R "theory at the moment"
Employee earning £8500 gross per year

[PurpleMoonlight]

It doesn't apply to Directors, and I have a feeling the £8500 is being removed from 6th April 2016.

[Eric Mc]

Yes, the "Lower Paid Employee" distinction is now abolished.