MegaSack DRAW - This year's winner is user - rgwb
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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
Yes
yes i put it in?
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...
its only relevent for this years' tax, to understand next and subsequent years only put in your pay and likely car tax cost.