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Choosing a Company Car to Suit Your Needs

Posted By ivanpw 1511 days ago on Business - Since most people also use their company car for personal use, it’s unsurprising that there’s a wide range of potential usage points to consider. For many, the luxury saloons that most people imagine a company car to be simply aren’t practical for everyday driving. You’ll also have to take into account additional factors like tax and your overall budget.
photo credit: Wikimedia Commons
Considering BIK
When choosing any company car, the amount of benefit-in-kind (BIK) tax that you’ll have ti pay should be a main consideration. This is based on the P11D, which is from the form filed by employers to the tax office as part of their Pay As You Earn registration.…

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