Company cars – a game of pool

There are plenty of myths about the tax rules on company cars, but you should believe them at your peril as getting it wrong could result in a costly investigation by HM Revenue & Customs. Here, we bust some of the most common myths and let you know when you really don’t have to pay tax on a car benefit. Common company car myths You don’t have to pay tax if the firm’s name is painted on the car. This is not true, such a car may be a pool car, but it may not be. You don’t have to

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