Documents related to 'Flow chart - company car tax calculation'

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Policy
Cars and car allowances policyIf you provide your employees with a car you can use a policy to set the detailed terms and conditions of its use. However, you must now provide the key information relating to benefits, including company cars, in the wr... Read more
16 Feb 2018
Credits: 1
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Agreement
Company car running cost contribution agreementIf an employee or director is required to and actually pay their employer towards the running costs of their company car it reduces the taxable benefit in kind. To ensure the contribution is effective th... Read more
03 May 2018
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Policy
Employee pool car agreementBanning private use is essential for a car to be considered a pool car by HMRC. A verbal ban may work but it's more sensible to require the employee to sign an agreement that specifically states that the car is not to be use... Read more
21 Nov 2022
Credits: 1
docx
Agreement
Company car lump sum contribution agreementThe taxable benefit in kind for a company car can be reduced if the director or employee the car is made available to contributes to the cost of its purchase. Capital contributionA capital contribution made ... Read more
03 May 2018
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Policy
Employee travel expenses policyResponsibility for determining whether business expenses reimbursed to employees and directors are exempt from tax and NI rests with the employer. Therefore, it's good practice to have a travel expenses policy in place. ... Read more
20 Apr 2018
Credits: 1