Originally posted by northernladyuk
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Reply to: Company cars B2B
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Previously on "Company cars B2B"
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Originally posted by barrydidit View PostNLyUK 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.
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Originally posted by greenlake View PostHere you go, PG, here's a car with neither direction nor control....
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Originally posted by barrydidit View PostThat's right. Used to be parked behind The Frontier club until said establishment mysteriously closed down. God help you if you joined the wrong queueLast edited by northernladuk; 16 August 2017, 12:47.
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Originally posted by PurpleGorilla View PostI have concerns about direction and control, as well as mutuality of obligation!
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Originally posted by northernladuk View PostWhen the van's a rockin' don't come knockin'
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Originally posted by barrydidit View PostNLyUK 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.
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Originally posted by barrydidit View PostNLyUK 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.
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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.
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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/
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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.
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Originally posted by PurpleGorilla View PostIt's not a scheme. It's a B2B model that shares all business motoring costs, fully tax compliant, and profit making.
Just make sure you keep enough money offshore to be one step ahead of HMRC.
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Originally posted by BrilloPad View PostThen 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.
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Originally posted by northernladuk View PostNo 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.
The people that thought up the scheme are long gone.
Unless it is you who thought up the scheme then its COP9 time.
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