If you have personal use of a Limited company car you should declare the benefit in kind received to HMRC. This is calculated by the list price of the car x CO2 emissions % and then added to your taxable salary. If the car is a pool car – paid for and insured for all employees to use and remains at the company premises overnight then there is NO benefit in kind received and therefore no additional tax due.
Spring Budget 2024
Spring Budget 2024 – please read on for the main points of note.