Taxation logo taxation mission text

Since 1927 the leading authority on tax law, practice and administration

Company car options

24 October 2018 / Alastair Kendrick
Issue: 4669 / Categories: Comment & Analysis

Company car costs

KEY POINTS

  • The tax costs of company cars have increased in recent years and this shows no sign of abating.
  • More complexity to the rules has been introduced by recent changes relating to salary sacrifice.
  • Personal contract schemes and the question of whether a transfer of ownership has taken place.
  • Relevant factors when considering whether a car is provided ‘by reason of employment’.
  • Will employee car ownership schemes come back into favour?

The large increases in the taxable benefits of company cars have caused much worry for those who are provided with such vehicles their employers and indeed the leasing providers that supply them. With the upcoming Budget statement on 29 October 2018 there is a feeling that the chancellor is unlikely to relax his taxation policy in this...

If you or your firm subscribes to Taxation.co.uk, please click the login box below:

If you are not a subscriber but are a registered user or have a free trial, please enter your details in the following boxes:

Alternatively, you can register free of charge to read a limited amount of subscriber content per month.
Once you have registered, you will receive an email directing you back to read this item in full.

Please reach out to customer services at +44 (0) 330 161 1234 or 'customer.services@lexisnexis.co.uk' for further assistance.

back to top icon