Owner-Managed Businesses: Car Benefit

By |2015-10-28T16:38:11+00:00August 17th, 2014|News|

The First-tier Tribunal (Tax Chamber) has recently ruled that a car leased in the name of a company but for which all lease payments, maintenance and insurance were borne by the director who used it was a benefit provided by reason of employment. This decision may have an impact on any business that leases [...]