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.
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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