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company car

Running a Car on the Company

Running a Car on the Company – Benefit In Kind, Car Allowance, Company Fuel Cards

Despite successive Governments changing the rules to increase the tax take, the provision of company cars remains one of the more popular benefits an employer can give to an employee. Benefit in kind A director or employee who earns more than £8,500 is charged an amount as a benefit in kind (BIK) if the car …

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