company car - tax code

spaceboy

I started a new job at the beginning of January with a company car and it's the first company car I've had. Do I need to inform the inland revenue of anything or does my employer do that?

Aylesbury_Duck

Your employer should do so.

Le_Kirk

As above and you can expect a P11D after the end of the tax year which will outline to you the extent of your liabilities based on "benefit in kind" i.e. the personal use of a company vehicle.

owen_money

From experience call HMRC yourself now. Your company has up to 12 months to inform HMRC. I relied on my company to inform HMRC, which they did 8 months later and I had a tax bill for £500!!!


When I spoke with HMRC the advised me to always call them as soon as possible and not wait on your company to do it.


Try googling it, I think you can do it on line now as well

spaceboy

Thanks. Just checked back to this thread now, been very busy!

owen_money

p.s - you can notify HMRC online as well, so long as you're not too busy