Anyone sorted a work around for the new tax year BIK?
Anyone sorted a work around for the new tax year BIK?
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Discussion

bertie

Original Poster:

8,569 posts

314 months

Wednesday 21st October 2009
quotequote all
As per thread title, has anyone sorted a work around for the benefit in kind charge now the government have seen fit to remove the £80k cap coming in April?

Must affect quite a few of us surely?


Jasper Gilder

2,166 posts

303 months

Wednesday 21st October 2009
quotequote all
Sole traders and partnerships don't pay it - they claim depreciation instead.....

bertie

Original Poster:

8,569 posts

314 months

Wednesday 21st October 2009
quotequote all
Jasper Gilder said:
Sole traders and partnerships don't pay it - they claim depreciation instead.....
Interesting, but doesn't help me!

I can't help thinking this will be a big issue for the likes of Ferrari/ Lamborghini / Aston / Bentley.

Surely someone must be working on a way round it?

maser_spyder

6,356 posts

212 months

Thursday 22nd October 2009
quotequote all
Might be better asked in the Business forum?

Eric Mc normally knows a lot about this sort of thing, he's could be your man for this?

bertie

Original Poster:

8,569 posts

314 months

Monday 2nd November 2009
quotequote all
Boing!!

Someone must have an idea, must be a few of us running them as company cars surely?