P11d

[Crossroads]

I disagree. I am sure you must have heard of those high fly city boys get almost everyting paid via company (usually investment banks). House,car, school fees. So business should be able to pay for anything it likes to retain good emplyees and directors. It's the tax where you get screwed.

I think the key difference that many overlook (not saying you are), is that for a permanent employee these benefits are of real value - as they only pay the tax charge on the BiK...so they get these things at a significant discount.

When you own the Ltd co, there are more tax efficient ways of extracting the funds.

[PAG]

I think the key difference that many overlook (not saying you are), is that for a permanent employee these benefits are of real value - as they only pay the tax charge on the BiK...so they get these things at a significant discount.

When you own the Ltd co, there are more tax efficient ways of extracting the funds.

Crossroads, what you say I agree, there are better ways to maximise tax efficiency. I disagree with (Denny's quote) the fact that you can not reward yourself (via your company) with such BIK just cos you own the company.