Is business car insurance taxable as BIK? Is business car insurance taxable as BIK? - Page 7
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  1. #61

    Contractor Among Contractors

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    I'm sorry, what was the question again?
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  2. #62

    bored now

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    Quote Originally Posted by wattaj View Post
    I'm sorry, what was the question again?
    The original question was

    Quote Originally Posted by cannon999 View Post
    Have to resurrect this thread.

    I have opted for going for personal cover rather than business cover (as business is more expensive).

    Can the company reimburse me for car insurance in this case? (Car is registered to the business and I am the director) If it can - is there BIK attached? Any links to info would be useful - I have tried googling
    Followed by a lot of trying to identify what the OP had done and various attempts for him to justify his stupidity.
    merely at clientco for the entertainment

  3. #63

    Prof Cunning @ Oxford Uni

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    Quote Originally Posted by Lance View Post
    I'm not sure why you'd do it any other way.

    At a guess:
    1. Lease electric car through company = zero or very low BIK
    2. Personal insurance is cheaper than business insurance, so only get personal insurance.
    3. He paid for the insurance personally, but now he wants to claim back 100% of it from his company.

    What he has admitted:
    The car is 80% personal use.
    It's therefore a company "asset"/expense where the majority of use is unrelated to the company.
    The personal insurance policy he has specifically excludes cars that are on a company lease. They must either be privately leased or privately owned.
    I'm perfect, in a very specific and limited way.
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