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Salary Sacrifice Car and Tax
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Black_Eyeliner
Posts: 156 Forumite


in Cutting tax
Hope this is in the right area of the forum.
I lease a car from my employer through a salary sacrifice scheme. My tax code is adjusted and car benefit deducted from my personal allowance. I have noticed, however, that the car benefit deducted from my personal allowance has increased year on year; £5050 in 2017/18, £5555 in 2018/19, and £6312 in 2019/20.
I am driving the exact same car as I was in 2017. Can anyone explain why HMRC think I am getting more benefit from the car now than in previous years?
Thanks.
I lease a car from my employer through a salary sacrifice scheme. My tax code is adjusted and car benefit deducted from my personal allowance. I have noticed, however, that the car benefit deducted from my personal allowance has increased year on year; £5050 in 2017/18, £5555 in 2018/19, and £6312 in 2019/20.
I am driving the exact same car as I was in 2017. Can anyone explain why HMRC think I am getting more benefit from the car now than in previous years?
Thanks.
0
Comments
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I believe its to account for your vehicle becoming less fuel efficient with age (compared to new vehicles coming on the market), not because they think you're getting more benefit.You keep using that word. I do not think it means what you think it means - Inigo Montoya, The Princess Bride0
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