Anthony Ingham Posted April 6 Author Share Posted April 6 11 minutes ago, Two-lane said: Car insurance has not included business use as standard for years now, and I have no idea of what the extra cost of business use is. It’s negligible unless you are transporting goods. Maybe £20 a year. Quote Link to comment Share on other sites More sharing options...
Anthony Ingham Posted April 6 Author Share Posted April 6 5 minutes ago, Gladys said: I ask again, does this apply to vehicles necessarily provided to do the job? They are not a benefit in kind but a tool. Yes it does, if they are also used for personal use in which case they are part of your package. Quote Link to comment Share on other sites More sharing options...
Gladys Posted April 6 Share Posted April 6 1 minute ago, Anthony Ingham said: Yes it does, if they are also used for personal use in which case they are part of your package. Perhaps someone with tax or accounting knowledge can help, but if a vehicle is predominantly provided to do your job but you also have personal use, presumably there is a pro rata benefit in kind applied. Quote Link to comment Share on other sites More sharing options...
Anthony Ingham Posted April 6 Author Share Posted April 6 8 minutes ago, Gladys said: Perhaps someone with tax or accounting knowledge can help, but if a vehicle is predominantly provided to do your job but you also have personal use, presumably there is a pro rata benefit in kind applied. This is what the whole thread is about. The amounts of extra tax have just been bumped by a large amount, so people in that situation are paying a lot more tax through no fault of their own. Hundreds, if not thousands of pounds a year. Quote Link to comment Share on other sites More sharing options...
Happier diner Posted April 6 Share Posted April 6 1 hour ago, WTF said: do what government do , pay staff X amount per mile to use their own vehicles for work. Yes. 50p Quote Link to comment Share on other sites More sharing options...
WTF Posted April 6 Share Posted April 6 1 minute ago, Happier diner said: Yes. 50p still ?? IIRC it was 50p 7 years ago Quote Link to comment Share on other sites More sharing options...
Anthony Ingham Posted April 6 Author Share Posted April 6 10 minutes ago, WTF said: still ?? IIRC it was 50p 7 years ago Still way more than private sector Quote Link to comment Share on other sites More sharing options...
Gladys Posted April 6 Share Posted April 6 Just now, Anthony Ingham said: Still way more than private sector Isn't it pegged to rates set by Treasury as being reasonable reimbursement rather than a benefit in kind? Quote Link to comment Share on other sites More sharing options...
WTF Posted April 6 Share Posted April 6 16 minutes ago, Gladys said: Isn't it pegged to rates set by Treasury as being reasonable reimbursement rather than a benefit in kind? change the name and its all ok , some people were making decent money at that game. Quote Link to comment Share on other sites More sharing options...
Happier diner Posted April 6 Share Posted April 6 1 hour ago, WTF said: still ?? IIRC it was 50p 7 years ago That's correct 50p Quote Link to comment Share on other sites More sharing options...
Non-Believer Posted April 6 Share Posted April 6 9 hours ago, Anthony Ingham said: It clearly takes someone much more cleverer than me to understand the logic behind this. Does anyone want to enlighten me? https://www.manxradio.com/news/isle-of-man-news/benefit-in-kind-tax-changes-take-effect 1 Quote Link to comment Share on other sites More sharing options...
Banker Posted April 7 Share Posted April 7 Well it mainly impacts cars which are environmentally unfriendly and those using them will pay more, personally I always took the cash equivalent and bought my own car paying tax on the cash element Quote Link to comment Share on other sites More sharing options...
Anthony Ingham Posted April 7 Author Share Posted April 7 7 minutes ago, Banker said: Well it mainly impacts cars which are environmentally unfriendly and those using them will pay more, personally I always took the cash equivalent and bought my own car paying tax on the cash element No it doesn’t. A car that does 50-60 mpg can leave someone over a grand worse off than they were last week and in a situation where they can’t actually do anything about it. Quote Link to comment Share on other sites More sharing options...
Banker Posted April 7 Share Posted April 7 1 hour ago, Anthony Ingham said: No it doesn’t. A car that does 50-60 mpg can leave someone over a grand worse off than they were last week and in a situation where they can’t actually do anything about it. Still a lot cheaper than buying your own car for personal use, not sure what the problem is. Quote Link to comment Share on other sites More sharing options...
Anthony Ingham Posted April 7 Author Share Posted April 7 47 minutes ago, Banker said: Still a lot cheaper than buying your own car for personal use, not sure what the problem is. You don”t see a problem with one small section of the working population seeing a thousand pound or more tax increase that they can’t do anything about, at zero notice and which isn’t being applied to anyone else? Ok then. Reeks of “I’m alright Jack” to me. Quote Link to comment Share on other sites More sharing options...
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