I work for a small business so we don't typically replace cars every 3 years. My car is the one of the oldest but also one company are least likely to replace in a hurry.
My contract says I'm entitled to the equivalent of a 3 series BMW which I did have. Another person left a couple of years ago and I swapped my car for theirs which is a 1 series to save on tax payments. Over the last couple of years my tax on this has got really high - I'm paying about £280 a month for the car.
Dh and I have a car at home we're about to sell but I'm now thinking of returning my company car and saving on the tax. I'd probably be about £2.5k a year better off.
Where do I stand with work? Can I refuse the company car? There is nothing in my contract about company car benefit and I suppose I'd get mileage instead which isn't really an issue as I barely do any business miles so I don't need to worry about wear and tear.
Is there anything significant I'm missing or should be thinking of to discuss with my boss?
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Thoughts on this company car benefits scenario?
9 replies
sweetheart · 25/02/2016 11:10
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