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Mitchells can advise employers in the Cheltenham area on the use of pooled cars and vans. Here is an overview of the main considerations...
Some employers, or groups of employers, find it convenient to have one or more cars or vans that are readily available for business use by a number of employees. The cars or vans are not allocated to any one employee and are only available for genuine business use. Such cars and vans are usually known as pooled cars and vans.
No car or van benefit arises on a pooled car or van providing that, in the relevant tax year, it satisfies all the following conditions:
If you are an employer in the Cheltenham area and would like more information on pooled cars and vans, contact Mitchells.
26 Oct 2021
The Confederation of British Industry (CBI) has warned the government against introducing new business tax rises in this week's Autumn Budget.
25 Oct 2021
Research carried out by property group Savills has found that half of first-time buyer home purchases are financed by the so-called 'bank of mum and dad'.