Introduction to Newsletter 26.05.10Wednesday, May 26th, 2010
Did you know that, in theory, it is possible to provide a part-time employee with a company car without the car being taxed? As you might expect, there are some conditions attached to the arrangement. The key news item covered this week illustrates the way that some small family companies attempt to provide a tax-free company car for a member of the family by claiming to have met all of the conditions. Not so, says the First Tier Tax Tribunal in this particular case.
Staying with company cars, our Employer FAQ considers the NICs implications of employees making purchases on behalf of their employer. If you haven’t come across the “litany” before, consider the statutory issues carefully in the context of how your business provides fuel for company cars.
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