Paging the co car experts

If, having had a fully expensed co car for 12 months, a person were to
realise they'd only actually done a total mileage from new of 5600 miles in
it would it be possible to get some sort of rebate from the quite punishing
income tax that's removed from the salary each month?



--
Steve Parry
BMW R80RS, BMW R45, 03 BMW R1100S Boxercup, 07 K1200GT SE
95 BMW F650, 87 Yamaha FS1, Sukida SK90PY, 91 Kawasaki AR50,
07 VW Passat SE Estate for comfort
www.gwynfryn.co.uk

 

No.

Co.Car tax used to be done on mileage, with higher mileage users ("car
essential to the job") being taxed more lightly than low mileage ("perk")
users. But it's not been done that way since the move to CO2-based taxing.

Sounds like you'd be best off handing the car back and taking the money.

 

damn

--
Steve Parry
BMW R80RS, BMW R45, 03 BMW R1100S Boxercup, 07 K1200GT SE
95 BMW F650, 87 Yamaha FS1, Sukida SK90PY, 91 Kawasaki AR50,
07 VW Passat SE Estate for comfort
www.gwynfryn.co.uk

 

All this stuff that makes me fear that I'm not going to be a winner on
the car front when my partnership incorporates.

 

I've already offered to help you recoup some of the losses by buying
the Merc for a grand

 

That's reminded me. Are you still up for helping[1] me fit that
Scottoiler to the Blackbird? It's almost a years since I bought the kit!

[1] Read as: allowing me to watch you do it for a small fee

 

Cane wrote:

Of course, whenever suits you.

 

Cheers.

Prolly over the Xmas break but I'll give you a ring and we'll pick a
date that suits.

 

Oh yeah but I'm thinking about when I change it.

At the moment, as a partnership, I don't pay for anything car related
out of my personal accounts. I'm beginning to realise that I'll need a
sizeable allowance as a salaried director to keep things on a similar
level.

 

*sulk*