
Originally Posted by
red flagged
going round in circles here nip and missing the point, scroll up please Exile I did used to use my own car for work.
I think the point SB was making was that benefits like company cars and private medical insurance were some sort of way of avoiding paying tax, if I'm reading him right. The idea being that a firm would pay you 4k a year less (which you'd pay tax on) and instead give you a brand new beemer which would be a free car you paid nothing on.
It's never worked that way though, I'm taxed to the point that if it wasn't for the high mileage I do it would pay me to fund my own car from the tax I have going out of my monthly wage to pay for my company car.
My question is why should I have to pay so much tax on something I need for my job ? Particularly when you consider that the car is 3 years old but I'm taxed on it's current list price ?
There's no tax avoidance going on with company cars or other benefits. SB thought it was some sort of avoidance tactic for the benefit of the 'high earners' which is far from the truth, most company car users arent high earners, and are penalised through tax for doing a job that needs one. Thats the point I was making, perhaps not so well |?