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The rules governing pooled vehicles.
Ling Phipp can advise employers in the Nottingham 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 Nottingham area and would like more information on pooled cars and vans, contact Ling Phipp.
19 Feb 2018
A new report published by the Federation of Small Businesses (FSB) has found that the average UK small business spends £5,000 per year on tax compliance.
16 Feb 2018
Research carried out by banking group Aldermore has suggested that a significant number of UK workers are planning to become self-employed in the future.