What is the tax liability for a company motorcycle?

[Moscow Mule]

Too busy shaking my head thinking WTF???? and why??? to even bother thinking about anything sarcastic

How's that ?? lol

Not Bad, well done.

[northernladuk]

Not Bad, well done.

Ahhhthankew

[Hiram King Of Tyre]

I'm not aware that anything has changed and am still running my company bike.

[Wanderer]

If I'm over the 2 year limit on expenses, does a bike become 100% BIK?

Did you get an answer to this question?

[Moscow Mule]

Did you get an answer to this question?

Nope. Not yet.

[aceboy]

OK so lets say the bike (inc clothing) costs £8812.50 inc vat and the annual running costs are £1000, is this correct:


Bike price ex vat £7,500.00
Bike price inc vat £8,812.50
Servicing Tax Ins spares etc £1,000.00
Cost to company for BIK £9,812.50
NI payable by co £211.50
BIK £1,762.50
Tax payable @ 22% £387.75
Tax payable @ 40% £705.00


The company reclaims £1312.50 Vat


Now if that is right:

Do the figures change if say I do 3000 business miles and 2000 private miles?
Does the company pay for the petrol and how does that affect tax liability?
If I pay the petrol, do I then claim for business miles (like you would in a company supplied car?)
If I pay salary and divvies up to say just below the 40% threashold, is the BIK assessed at 22% (my highest tax rate) or does the BIK get added to my salary and therefore charged at 40%?

Good question, and one which I would like to get the answer to ....

[Wanderer]

Come on you accountants. Someone must have an answer for us.

[aceboy]

At least they cant say do a search.... we have done that bit!!!