Topic starter
Am thinking of opting into my company car scheme in a few months and need some info on the following so i can work out if i am basic or higher rate tax:
When putting my income into the PAYE tax calculator on line should i include the car allowance figure? - if i take the lease car i dont get paid it so its not income??
cheers
will
Posted : 16/02/2010 1:08 pm
Yes
Posted : 16/02/2010 1:17 pm
Topic starter
yes i put it in?
Posted : 16/02/2010 1:18 pm
If you're getting additional pay at the moment instead of a car, include it.
As a rough guide, unless you're reclaiming expenses for money you've already spent, the chances are the taxman will want a cut of it...
Posted : 16/02/2010 1:37 pm
its only relevent for this years' tax, to understand next and subsequent years only put in your pay and likely car tax cost.
Posted : 16/02/2010 1:47 pm