Company Motorcycle

[simon cullen]

Hi posted in the bikes forum and was told it was probably better to post in here

what I need to know is the basiscs of having a bike as a company vehicle and what the tax situation is for me as an employee.Also can my employer claim back the VAT?


I need to also know if I can make a capital contribution each year to reduce the amount of tax I pay? Thanks in advance

Edited by simon cullen on Friday 1st September 11:05

[Davel]

The company can recover the VAT on a new or ex-demo bike.

The Benefit in Kind bit was answered on the other forum.

They can also recover the VAT on clothing, fuel, servicing etc etc