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Company Car Tax Explained by Steve Colins
Being given a company car can be an immense privilege, recognition of your hard work and achievements. However, when a company supplies its employees with a company car, there are many factors that must be considered. Most important of which is company car tax .
When you earn more than £8500 per year and have been supplied with a car, you will be liable to pay car tax, or as it is often referred to, benefit-in-kind tax. This is due to your company car being seen as an additional benefit outside of your work and on top of your annual income. The amount of company car tax you are entitled to pay can vary and is determined by the following:
This entry was posted on Saturday, December 31st, 2011 at 10:39 am and is filed under Web Design. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.