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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.
30 Nov 2020
The third SEISS (Self-Employment Income Support Scheme) grant opens for applications today (30 November).
27 Nov 2020
Many businesses will struggle to survive despite the end of lockdown, according to the Confederation of British Industry (CBI).
26 Nov 2020
On 25 November Chancellor Rishi Sunak delivered his latest Spending Review to the House of Commons, and stated that the coronavirus (COVID-19) pandemic has caused 'lasting damage' to the UK economy.
Get in touch with Branston Adams to arrange your free consultation.