📨 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!

Company car tax

acs_2
acs_2 Posts: 165 Forumite
Probably clutching at straws, but here goes....

If you have a company vehicle (van), which you can use for personal use, and you receive benefit in kind (can use fuel card for personal use fuel), is there anything you can do to reduce tax liability?
To have integrity means that you don't agree with everyone you meet, nor do you succumb to pressure to be something that is in direct conflict with your core ethics.

Comments

  • nearlyrich
    nearlyrich Posts: 13,698 Forumite
    Part of the Furniture 10,000 Posts Combo Breaker Hung up my suit!
    Nothing at all sorry
    Free impartial debt advice from: National Debtline or Stepchange[/CENTER]
  • acs_2
    acs_2 Posts: 165 Forumite
    Don't use it personally other than insignificant private use.

    'Insignificant' other private use means that the employee's private use of the van in addition to ordinary commuting is very much an exception to normal usage and only lasts for short periods on an occasional and irregular basis. For example:
    making a slight detour to buy a newspaper on the way to work counts as insignificant private use
    an employee using a van to do their weekly shopping counts as more than insignificant private use - see the next section for the rules that apply in this case


    Ive read this on gov.uk (I think). Its not possible for me to just use it for insignificant use....id have to buy a car, which is ultimately more expense and tax....which kind of defeats the point.
    To have integrity means that you don't agree with everyone you meet, nor do you succumb to pressure to be something that is in direct conflict with your core ethics.
  • comeandgo
    comeandgo Posts: 5,930 Forumite
    Part of the Furniture 1,000 Posts Name Dropper
    Pay for your private fuel.
This discussion has been closed.
Meet your Ambassadors

🚀 Getting Started

Hi new member!

Our Getting Started Guide will help you get the most out of the Forum

Categories

  • All Categories
  • 351.3K Banking & Borrowing
  • 253.2K Reduce Debt & Boost Income
  • 453.7K Spending & Discounts
  • 244.2K Work, Benefits & Business
  • 599.3K Mortgages, Homes & Bills
  • 177.1K Life & Family
  • 257.7K Travel & Transport
  • 1.5M Hobbies & Leisure
  • 16.2K Discuss & Feedback
  • 37.6K Read-Only Boards

Is this how you want to be seen?

We see you are using a default avatar. It takes only a few seconds to pick a picture.