"Rent a Car" vs "Car hire" : Are they the same?

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GlenW replied

16 March 2015, 16:32
Originally posted by BlueSharp View Post

Hey I did exactly this when my car was off the road for a week. As it was used solely for the drive to client site and back the accountant was happy for me to claim the rental cost and petrol directly as an expense.

Your accountant being happy means bog all, it's HMRC's opinion that counts.
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BlueSharp replied

16 March 2015, 15:34
Originally posted by sojan View Post

folks,
My personal car needs to go to garage for a week. During this short time, I'm planning to use "Rent a Car" from Enterprise . I have seen multiple threads about "Car Hire", but not sure if "Rent a car" is same as "Car Hire" ?

Just checking, if I can pay "Rent a car" from company account & claim as expense, as it used to commute to my place of work for a week until the car is repaired. (Im not really worried about the mileage expense, but actually about the rent-a-car costs)

Cheers

Hey I did exactly this when my car was off the road for a week. As it was used solely for the drive to client site and back the accountant was happy for me to claim the rental cost and petrol directly as an expense.
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cojak replied

16 March 2015, 11:09
Originally posted by jamesbrown View Post

Yep, but the other way around...

Right you are.
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Project Monkey replied

16 March 2015, 11:06
Originally posted by jamesbrown View Post

Yep, but the other way around...

+1
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Craig at Nixon Williams replied

16 March 2015, 10:10
Originally posted by sal View Post

Someone correct me if i'm wrong, but AFAIK if YourCo pays for a rented car it will incur BIK, making it pointless. The better option is to hire privately and claim mileage.

If there is any personal use then a BIK will arise; if is has been used exclusively for business purposes then there will be no BIK.
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jamesbrown replied

16 March 2015, 10:08
Originally posted by sal View Post

Someone correct me if i'm wrong, but AFAIK if YourCo pays for a rented car it will incur BIK, making it pointless. The better option is to hire privately and claim mileage.

BIK on a car rental, as with anything else, is about private use; there's no BIK for legitimate business use.
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jamesbrown replied

16 March 2015, 10:01
Originally posted by cojak View Post

Rent a car is a British term. Car Hire is an American term. They both mean the same thing.

Yep, but the other way around...
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psychocandy replied

16 March 2015, 10:00
Originally posted by sal View Post

Someone correct me if i'm wrong, but AFAIK if YourCo pays for a rented car it will incur BIK, making it pointless. The better option is to hire privately and claim mileage.

Not sure if its BIK but I guess it could well be. IMHO always better to just pay yourself and claim mileage anyway.
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sal replied

16 March 2015, 09:55
Someone correct me if i'm wrong, but AFAIK if YourCo pays for a rented car it will incur BIK, making it pointless. The better option is to hire privately and claim mileage.
Leave a comment:
northernladuk replied

14 March 2015, 14:40
Originally posted by sojan View Post

oh.ok. Thanks mate

Oh dear lol........
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sojan replied

14 March 2015, 08:55
Originally posted by cojak View Post

Rent a car is a British term. Car Hire is an American term. They both mean the same thing.

oh.ok. Thanks mate
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cojak replied

14 March 2015, 08:33
Originally posted by sojan View Post

folks,
My personal car needs to go to garage for a week. During this short time, I'm planning to use "Rent a Car" from Enterprise . I have seen multiple threads about "Car Hire", but not sure if "Rent a car" is same as "Car Hire" ?

Just checking, if I can pay "Rent a car" from company account & claim as expense, as it used to commute to my place of work for a week until the car is repaired. (Im not really worried about the mileage expense, but actually about the rent-a-car costs)

Cheers

Rent a car is a British term. Car Hire is an American term. They both mean the same thing.
Leave a comment:
sojan started a topic "Rent a Car" vs "Car hire" : Are they the same?

14 March 2015, 08:06
"Rent a Car" vs "Car hire" : Are they the same?

folks,
My personal car needs to go to garage for a week. During this short time, I'm planning to use "Rent a Car" from Enterprise . I have seen multiple threads about "Car Hire", but not sure if "Rent a car" is same as "Car Hire" ?

Just checking, if I can pay "Rent a car" from company account & claim as expense, as it used to commute to my place of work for a week until the car is repaired. (Im not really worried about the mileage expense, but actually about the rent-a-car costs)

Cheers
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