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Tax Implications of Providing Company Cars

TAX IMPLICATIONS OF PROVIDING COMPANY CARS

Does it pay off to provide low or zero-emission cars?

Offering a company car as a benefit can be a valuable and attractive perk to any valued employee.

Unfortunately, it is not necessarily a tax-free perk and it may be liable for PAYE because HMRC considers the private use of a company car to be a benefit-in-kind.

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