Reply to: Company cars B2B

[barrydidit]

As long as you don't mind the bodies stuffed in the mattress.

The ones who are shagged out?

[northernladyuk]

NLyUK has a transit with a mattress in the back. You can hire that by the half hour for cash. There will be no BIK implications either.

As long as you don't mind the bodies stuffed in the mattress.

[PurpleGorilla]

Here you go, PG, here's a car with neither direction nor control....

PAS failure?

[greenlake]

I have concerns about direction and control

Here you go, PG, here's a car with neither direction nor control....

[northernladuk]

That's right. Used to be parked behind The Frontier club until said establishment mysteriously closed down. God help you if you joined the wrong queue

Ah the tales she has about the Batley Variety Club..Who do you think they opened Legends to honour?

[barrydidit]

I have concerns about direction and control, as well as mutuality of obligation!

And well you might. You wouldn't get Abbey Tax to help you either. Unless they've branched out into penicillin shots now.

[barrydidit]

When the van's a rockin' don't come knockin'

That's right. Used to be parked behind The Frontier club until said establishment mysteriously closed down. God help you if you joined the wrong queue

[PurpleGorilla]

NLyUK has a transit with a mattress in the back. You can hire that by the half hour for cash. There will be no BIK implications either.

I have concerns about direction and control, as well as mutuality of obligation!

[northernladuk]

NLyUK has a transit with a mattress in the back. You can hire that by the half hour for cash. There will be no BIK implications either.

When the van's a rockin' don't come knockin'

[barrydidit]

NLyUK has a transit with a mattress in the back. You can hire that by the half hour for cash. There will be no BIK implications either.

[northernladuk]

You could ask Chris Moyles for some advice. He's got form with cars and tax...

https://www.theguardian.com/media/20...-tax-avoidance

Isn't this what you are trying to do?

http://www.optimiseaccountants.co.uk...d-tax-reliefs/

[WTFH]

So, the next step is that company A puts a high depreciation value on the car and after 1 year sells it. Perhaps the director of company B buys the car for 25% of its value as a private car.

[BrilloPad]

It's not a scheme. It's a B2B model that shares all business motoring costs, fully tax compliant, and profit making.

So not get it QC approved and market it.

Just make sure you keep enough money offshore to be one step ahead of HMRC.

[PurpleGorilla]

Then HMRC come along and turn you inside out.

The people that thought up the scheme are long gone.

Unless it is you who thought up the scheme then its COP9 time.

It's not a scheme. It's a B2B model that shares all business motoring costs, fully tax compliant, and profit making.

[BrilloPad]

No disrespect to the OP but everytime someone comes up with a scheme like this I can't help thinking it's not going to work. Cleverer people that us have had plenty of time to look at these and bearing in mind we never hear any more about them speaks volumes. I think the answer to this and many of these schemes is down to the individuals appetite for risk. If you want to sail close to the wind it might work. If you want to work it out on paper with no associated interest it won't.

Then HMRC come along and turn you inside out.

The people that thought up the scheme are long gone.

Unless it is you who thought up the scheme then its COP9 time.