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n Tax Breaks Newsletter - Which is better - a car allowance or a company car? : Questions & Answers

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Abstract

The tax that you pay on the two options are markedly different. In the case of the company car, you are liable for fringe benefits tax based on 2.5% of the so-called "determined value" of the vehicle (normally calculated as the cost price excluding VAT and finance charges).

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/content/montb/2008/273/EJC78491
2008-10-01
2016-12-04
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