Joe Public
Striker
I would go for the allowance, buy or lease a car and claim the 45p a mile.
So pay tax on the allowance, tax on the lease and he can only claim business miles.
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I would go for the allowance, buy or lease a car and claim the 45p a mile.
I don’t want to commit to my own lease because the job might be shite and I bin it lolI would go for the allowance, buy or lease a car and claim the 45p a mile.
My sister (no) just got taxed £800 for her new company car, they didnt tell her about until she got paid.. shes skint now until her next pay day..
Will he be able to claim the full allowance though? I thought if you had either a car or allowance you could only claim the lower amount.I would go for the allowance, buy or lease a car and claim the 45p a mile.
I got stung for six months worth when i first had a co car. Payroll were useless and ended up paying a de ent wedge back the following year.“They” didn’t tell her? Her tax affairs are her own.
Yeah the lease would be shit tax but I get an allowance plus the 45p a mile on my own car. I thought that was standard as it has been 40-45p in last 3 jobs?So pay tax on the allowance, tax on the lease and he can only claim business miles.
I meant her employer..“They” didn’t tell her? Her tax affairs are her own.
Obviously I just meant say after tax he would come out 300 quid a month better off with his new allowance to remember he is also the company car tax amount better off too if choosing his own carHe will be paying tax on the allowance.
Does anyone have any idea what the likely changes are to diesel cars in the next couple of years (in regards to tax)?
Not advantageous.
Will he be able to claim the full allowance though? I thought if you had either a car or allowance you could only claim the lower amount.
I got stung for six months worth when i first had a co car. Payroll were useless and ended up paying a de ent wedge back the following year.
Agreed with hindsight but at the time i was young and stupid and thought "great i'm not paying for this!" I now know this to be foolish as the fuckers always catch up with you at some point!Whenever I’ve had a company car I’ve told the inland revenue myself to save surprises
I found this site quite useful.
http://comcar.co.uk/newcar/companycar/taxcalc/
You need to go for the lowest CO2 emissions if possible to reduce the % of the list price - the new Astra & Insignia, Skoda Octavia, Fiat Tipo, Hyundai i30 & i40 would all be reasonable options, depending on your budget.
the benefit is worked out on the cars value and co2 and you get more added if you are provided with personal fuel. My last p11d I had £3k added for the small van and another £600 for having a fuel card for personal use. So in other words I got taxed on another £3600. My cars (1.6d mediums estates) used to double that and be something like £120 extra tax taken off per monthThis new job comes with a company car or an allowance if you use your own. At the moment we are a one car family ( I have a motorbike) that she uses for work so it's a company car for me. Question is from what I've read the amount of tax you pay also goes on the co2 emissions. But I will be doing lots of traveling I want somethimg big ish like a Mondeo size car so it's comfortable and big enough for tools and stuff. Any suggestions on this? I will be using for personal use also
The i40 estate is a very nice carI found this site quite useful.
http://comcar.co.uk/newcar/companycar/taxcalc/
You need to go for the lowest CO2 emissions if possible to reduce the % of the list price - the new Astra & Insignia, Skoda Octavia, Fiat Tipo, Hyundai i30 & i40 would all be reasonable options, depending on your budget.