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Car allowance V's Company car. What should i offer my staff need help

Jamess15 · 2010-09-30 18:29:43

Hi All, I have just regestered a new company and have secured a contract to fulfill sales for large market leading company. I am currently offering all 18 potential employees a car allowance and a fuel card. I need advice on a few things as i feel that I will attract better candidates if i offer a fully paid company car.…

30-09-2010 6:29pm

#1

Jamess15

Registered Users, Registered Users 2 Posts: 1 ✭

Join Date: April 2010

Posts: 0

Hi All,
I have just regestered a new company and have secured a contract to fulfill sales for large market leading company. I am currently offering all 18 potential employees a car allowance and a fuel card. I need advice on a few things as i feel that I will attract better candidates if i offer a fully paid company car. My question is around Vat and tax deductions

Firstly I am aware I will have to pay 10.75% employer prsi on the allowance and I have allowed for this.

What extras do i have to allow for if I pay for the car lease/ tax and insurance cost? I assume none. can i claim all costs as expense and the vat charges

Fuel Cards, what is the vat rate on fuel and can i claim against petrol and diesel?

any addition advice or pitfalls you can highlight will be very welcome

kind regards
James

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