Archive for Personal Leasing
Company Cars – How They Affect The Tax You Pay!
Posted by: | CommentsCompany Car drivers must pay tax on a Benefit In Kind
A Benefit In Kind is a benefit which employees or directors receive from their employer, over and above the salary they are paid. Two of the most common types of Benefit In Kind are Company Cars and Car Fuel Allowances, and these are subject to company car taxation.
How Company Car Tax works
If you drive a Company Car, you are liable to pay tax as it is classed as a Benefit In Kind.
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Company Car Or Company Car Allowance – Which Should I Choose?
Posted by: | CommentsShould I choose a Company Car or a Company Car Allowance?
A Company Car Allowance is an amount of money that you may be offered by your employer, so that you can acquire your own vehicle instead of receiving a company car.
If you have the choice of a Company Car or Company Car Allowance, you should check out how much Company Car Tax you would pay if you accept a company vehicle, by using the Car Tax Calculator, and then decide whether to go for the Company Car or cash. You could be better off taking the car allowance and leasing a car yourself, even though the allowance is taxable.
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Kia Picanto 1.0 1 5Dr H/B
Kia Ceed 1.6 CRDi 89 1 5Dr
Kia Sportage 1.7 CRDi 1 5Dr
Kia Optima 1.7 CRDi 1 4Dr
Kia Sorento 2.2 CRDi 1 5Dr
Kia Soul 1.6 GDi 1 5Dr H/B
