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Company car or pool car?
carlsagen
Posts: 120 Forumite
My question refers to when a pool cars should become a company car and how. Let me explain.
My business leases 3 cars as pool cars. I have my own car and motorbike. I tend to spend most of my time out of the office on meetings these days. So will tend to take one of the available cars home and go direct to my first meeting in the morning. If im going to be in the office the following day, I will go back to the office in the evening and pick up my own car/bike and drive home unless its exceptionally late.
Having read some articles about incidental private use of pool cars should be no more than 60% and if approaching that, should be moved to a company car. I have no issue with this and will have to stomach the tax. However of the 3 cars, I would take what's available as no car is defined to one person of the 8 engineer I employ. There is a mix of cars and of car values. I tend to lease using deals when manufacturers want to get rid of last years model etc so get good lease deals on cars of a high value. Values on cars range between 20-60k The most expensive being a big Volvo we use for taking hardware to site for install and an astra thats used for longer trips (better fuel economy)
So if I was to apply company car tax to myself, how do I nominate a car, I have no intention of then being fixed to that car, they would all still remain pooled. Do I pick the cheapest to keep the tax down? Or the most expensive just in case?
My business leases 3 cars as pool cars. I have my own car and motorbike. I tend to spend most of my time out of the office on meetings these days. So will tend to take one of the available cars home and go direct to my first meeting in the morning. If im going to be in the office the following day, I will go back to the office in the evening and pick up my own car/bike and drive home unless its exceptionally late.
Having read some articles about incidental private use of pool cars should be no more than 60% and if approaching that, should be moved to a company car. I have no issue with this and will have to stomach the tax. However of the 3 cars, I would take what's available as no car is defined to one person of the 8 engineer I employ. There is a mix of cars and of car values. I tend to lease using deals when manufacturers want to get rid of last years model etc so get good lease deals on cars of a high value. Values on cars range between 20-60k The most expensive being a big Volvo we use for taking hardware to site for install and an astra thats used for longer trips (better fuel economy)
So if I was to apply company car tax to myself, how do I nominate a car, I have no intention of then being fixed to that car, they would all still remain pooled. Do I pick the cheapest to keep the tax down? Or the most expensive just in case?
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Thanks for this. I shal investigate0
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