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Branston Adams can advise employers in the Surrey area on the use of pooled cars and vans. Here is an overview of the main considerations...
Some employers, or groups of employers, find it convenient to have one or more cars or vans that are readily available for business use by a number of employees. The cars or vans are not allocated to any one employee and are only available for genuine business use. Such cars and vans are usually known as pooled cars and vans.
No car or van benefit arises on a pooled car or van providing that, in the relevant tax year, it satisfies all the following conditions:
If you are an employer in the Surrey area and would like more information on pooled cars and vans, contact Branston Adams.
24 Jan 2020
HMRC has now published draft secondary legislation for the off-payroll working rules that are due to come into force in April this year.
23 Jan 2020
Vengeful witches and pet hamsters feature in HMRC's list of imaginative excuses and expense claims, which has been published in the run up to the self assessment deadline.
22 Jan 2020
Anti-money laundering (AML) penalties reached a record high of £6.2 billion worldwide last year, according to data from software company Encompass Corporation.
Get in touch with Branston Adams to arrange your free consultation.