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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.
18 Oct 2018
HMRC has launched a second pilot scheme for Making Tax Digital for VAT (MTD for VAT).
17 Oct 2018
The Bank of England (BoE) has confirmed that it intends to issue a new £50 note.
16 Oct 2018
The Association of British Insurers (ABI) has urged Chancellor Philip Hammond to avoid increasing Insurance Premium Tax (IPT) in the forthcoming Budget.
Get in touch with Branston Adams to arrange your free consultation.