Hi all, slowly coming round to the thought of BR now. Although currently unemployed, my next job is likely to come with a car allowance of c£5k. Will this be deemed excessive, even though described in my contract as car allowance? I am also likely to lose 40% of this in income tax, can I make extra claims for car insurance, tax, diesel etc...?
The car allowance - after tax - should be exempt from an IPA calculation as it is in lieu of a company car. Most companies will insist on the car being X years old etc etc etc.
you may receive fuel as expenses but no doubt the car allowance is to include an element for maintenance, tax insurance etc as well
Company CarsHi all, slowly coming round to the
Posted - 19 February 2009 : 20:51:20
