M
Maria Jose
Guest
Hi,
My company has requested me to get a personal contract hire. I will be paying the installments myself and pass them to the company as expenses. Obviously, I will be using the car for business purposes but also for private use during the weekends.
Can you let me know how it will affect to my taxes? Is that a BIK or should be treated as a normal income, I mean, the installments?
Is that a company car or a car allowance?
How can I calculate it? Which one will cost me less?
Can you please help me out? I would like to get it but it depends on how it will affect to my net salary at the end of the month.
Than you in advance,
mj
My company has requested me to get a personal contract hire. I will be paying the installments myself and pass them to the company as expenses. Obviously, I will be using the car for business purposes but also for private use during the weekends.
Can you let me know how it will affect to my taxes? Is that a BIK or should be treated as a normal income, I mean, the installments?
Is that a company car or a car allowance?
How can I calculate it? Which one will cost me less?
Can you please help me out? I would like to get it but it depends on how it will affect to my net salary at the end of the month.
Than you in advance,
mj