Maybe because you do not have the talent or imagination Besides which my portrait is safely in the attic
sigh. you think I have accepted a salary offer with a company car allowance and then not negotiated the salary up…. silly Fosse.
No mate - read my post - it's all about the interaction between the company car benefit-in-kind v car cash allowance benefit, where both are on offer - if you opt for the car because the omissions, on which the benefit-in- kind is based, are low e.g a hybrid or fully electric, you will still pay your tax on a cash allowance based benefit if that is more ...
Snow here. Not going out, getting a chicken out of the freezer. Kettle on and and out of the way while the Mrs and kids put up the Xmas tree.
nope. I know I will be taxed. But I have ensured my bump in salary covers this, a bump that also includes an allowance or company car. Enyaq coupe 85x in white on order.
You are still missing the point - you claimed that electric cars would boost the company car uptake because of the reduction in taxable benefit - given the benefit is measured on emissions... I've alerted you to the fact that, if a cash allowance is an option, your assertion is flawed. This is because the rules state that, to paraphrase, income tax is due on the option that equates to the higher benefit, irrespective of the option actually chosen. So - to give you an example - you opt for a hybrid car with emissions that give you a taxable benefit of £2k per annum instead of a car cash allowance of £8k - you will be taxed on the £8k not the £2k... so you get taxed on a phantom £6k. Because of this, once known, many are taking the cash allowance and sorting out their own cars - so your original claim on how electrics will boost company car uptake due to tax savings on benefits is, if nothing else, something of a false dawn ...
