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Taylor & Co can advise employers in the Royston area on the use of pooled cars and vans. Here is an overview of the main considerations...
Some employers, or groups of employers, find it convenient to have one or more cars or vans that are readily available for business use by a number of employees. The cars or vans are not allocated to any one employee and are only available for genuine business use. Such cars and vans are usually known as pooled cars and vans.
No car or van benefit arises on a pooled car or van providing that, in the relevant tax year, it satisfies all the following conditions:
If you are an employer in the Royston area and would like more information on pooled cars and vans, contact Taylor & Co.
20 Jan 2021
Large businesses must now pay their smaller suppliers more quickly under changes to the UK's Prompt Payment Code (PPC).