Hi - I am sole Director and employee of Ltd company [ not vat registered]. I want to get a new [fully ] electric vehicle from April 2020.
I understand that Bik is 0% / 1% / 3% over next 3 years.
1. My company can lease a car and make it available to me, Bik is as above and there is new [beneficial] rules regarding how this affects company profits as it is an EV. As an employee I can claim 4p a mile for charging
2. There is also the salary sacrifice option :
2.1 - Does SS only apply to leasing a car - can it also apply to a car loan ? and if so – how does this work ?
2.2 - If SS is for lease only - can I set up a SS scheme for this single employee [ me] and how? Do I have to go through specialised SS car lease company?
2.3 For the car that I get through SS - when I use it for work can I claim 45p / mile ? [I do approx 600 miles a month for work ]
Which is the best option - have I missed something?
Thoughts?
I understand that Bik is 0% / 1% / 3% over next 3 years.
1. My company can lease a car and make it available to me, Bik is as above and there is new [beneficial] rules regarding how this affects company profits as it is an EV. As an employee I can claim 4p a mile for charging
2. There is also the salary sacrifice option :
2.1 - Does SS only apply to leasing a car - can it also apply to a car loan ? and if so – how does this work ?
2.2 - If SS is for lease only - can I set up a SS scheme for this single employee [ me] and how? Do I have to go through specialised SS car lease company?
2.3 For the car that I get through SS - when I use it for work can I claim 45p / mile ? [I do approx 600 miles a month for work ]
Which is the best option - have I missed something?
Thoughts?
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