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Driving Boss' car to work, exempt from tax?
Myself and a few colleagues are going to be working on a different site, and the boss is giving us a car to use to get there.
Car is owned and insured by the boss.
Is this classed as a benefit?
We are not getting paid for the extra commute, but we have the benefit of not using our own cars/fuel.
Carpooling does my head in but anything money saving is a bonus!
Car is owned and insured by the boss.
Is this classed as a benefit?
We are not getting paid for the extra commute, but we have the benefit of not using our own cars/fuel.
Carpooling does my head in but anything money saving is a bonus!
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Comments
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As you say, you are saving money ie petrol, wear and tear.
If it was officially classex as a benefit, you would be paying tax on it lolmake the most of it, we are only here for the weekend.
and we will never, ever return.0 -
It sounds like a taxable benefit to me.
BTW make sure the boss has insured it for all the likely drivers, and for business use.0 -
If you are based at one office/site and using that car to get to another site that is further away and is temporary, and you dont have any personal use of the car, then I would say not a taxable benefit.
On the flip side, if you were using your own car(s) you would, i assume be entitled to the 45p per mile mileage allowance payments, as you are travelling to a temp site (not your normal commute).0 -
I suspect it comes down to whether this is just a temporary arrangement to get you to a different site, or a long-term change to your place of work.
Business travel is not a perk, it's a business expense that the company is paying for. Free transport to your place of work is a perk.If it sticks, force it.
If it breaks, well it wasn't working right anyway.0 -
Who are you employed by?
This individual, in his capacity as a sole trader? If so, then it's a "company car", and may be taxable.
A limited company who this individual also happens to work for? If so, then it's just his personal car he's lending you...0
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