Company Car Allowance - Tax Question

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23 August 2007, 10:37 PM

IanF

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Company Car Allowance - Tax Question

Quick question please:

If I take a company car allowance in lieu of a company car I know I have to pay income tax on the allowance, but do I have to pay National Insurance on it aswell?

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IanF

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23 August 2007, 10:44 PM

TopBanana

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I don't think so, but I think your employer will have to

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24 August 2007, 07:53 AM

hutton_d

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To the tax man a car allowance is just salary. End of ...

Dave

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24 August 2007, 10:10 AM

Dunk

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Quote:

Originally Posted by hutton_d

To the tax man a car allowance is just salary. End of ...

Dave

Correct !

D

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24 August 2007, 10:26 AM

TopBanana

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Sorry didn't read the question properly, hutton is spot on.

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