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B2B Business Advisors Limited can advise employers in the Milton Keynes 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 Milton Keynes area and would like more information on pooled cars and vans, contact B2B Business Advisors Limited.
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Keep up to date on the latest from the world of business and tax with our daily news stories.
15 Jan 2019
Data published by the Office for National Statistics (ONS) has revealed that UK economic growth decelerated in the three months to November 2018, expanding at its slowest pace in six months.
14 Jan 2019
Research carried out by online business finance supermarket Funding Options has suggested that UK small and medium-sized enterprises (SMEs) have to wait an average of 43 days to be paid by government contractors.
11 Jan 2019
HMRC has extended its Making Tax Digital for VAT (MTD for VAT) pilot scheme to all eligible businesses.
10 Jan 2019
From 9 January 2019, the government's new ban on pensions cold-calling takes effect.