We’d like to remind Forumites to please avoid political debate on the Forum.
This is to keep it a safe and useful space for MoneySaving discussions. Threads that are – or become – political in nature may be removed in line with the Forum’s rules. Thank you for your understanding.
📨 Have you signed up to the Forum's new Email Digest yet? Get a selection of trending threads sent straight to your inbox daily, weekly or monthly!
The Forum now has a brand new text editor, adding a bunch of handy features to use when creating posts. Read more in our how-to guide
Company car - not used for business - tax implications
mrbg07546
Posts: 290 Forumite
in Cutting tax
A year or so back i got a company car from my work for my wife(i dont have one).
I am now being asked if i have used it for business or not as below. What would be the implications if i did or did not use it for business mileage
"We need to ensure that the secondary vehicle you have through the Scheme is not used by yourself for any business journeys, and that any business journeys you make are carried out in a privately owned vehicle.
If we do not hear from you this email will act as your declaration that you do not use your secondary scheme car for business mileage.
Therefore please let us know if this is not the case, and you do use the secondary scheme car for business mileage, so that we can ensure your personal tax liability is correct.
"
I am now being asked if i have used it for business or not as below. What would be the implications if i did or did not use it for business mileage
"We need to ensure that the secondary vehicle you have through the Scheme is not used by yourself for any business journeys, and that any business journeys you make are carried out in a privately owned vehicle.
If we do not hear from you this email will act as your declaration that you do not use your secondary scheme car for business mileage.
Therefore please let us know if this is not the case, and you do use the secondary scheme car for business mileage, so that we can ensure your personal tax liability is correct.
"
0
Comments
-
The car lease company0
-
it is possible that the lease cost includes the insurance charge? if so then obviously business use would invalid an insurance policy covering only private useThe car lease company
rather than you and us continuing to play guessing games here's a simple question: do you intend to lie or not?
If not then just ask the lease company why they are asking!0
This discussion has been closed.
Confirm your email address to Create Threads and Reply
Categories
- All Categories
- 354.8K Banking & Borrowing
- 254.5K Reduce Debt & Boost Income
- 455.6K Spending & Discounts
- 247.6K Work, Benefits & Business
- 604.6K Mortgages, Homes & Bills
- 178.6K Life & Family
- 262.2K Travel & Transport
- 1.5M Hobbies & Leisure
- 16.1K Discuss & Feedback
- 37.7K Read-Only Boards