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.
In some cases it can even be quite costly to the employee, especially if the company also pays for the fuel.
This free guide explores some of the tax implications around company cars, and the advantages being offered by looking at low or zero emission vehicles from April 2020.
Tax is a complex area, and you should seek professional advice before choosing to act.
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