[doughboy]

Well I left in 2004, so knowing HMRC, you're probably right!

[davyk31]

My sister works for a large National and has a very similar scheme, they run nice cars for very little cost so must still be ok with HMRC.

[doughboy]

Giant firms with massive tax carrots to waive can barter with the Revenue.

Everyone else gets screwed.

[jonl1983]

Originally Posted by R80TER

Hmm, last year i was on 25ppm and i got £1500 back from the tax man for the first 10K miles.

Inland rev rates are 40ppm for first 10k, 25p there after.... maybe i should keep quiet then!

how many miles did you do in total for the year?

[jonl1983]

dont think i will post what i get either, you will probably realise how piss poor your wifes opt out scheme is!

[JLR1969]

I used to get £590 a month and 28p per mile. Used to make a fortune when driving a 320d at 53mpg.

New company now and opted to take a company car as their deal is no way near as good.

One good thing though I can park my company car anywhere especially is supermarket car parks..... It's like a breath of fresh air.

[catdog1121]

Originally Posted by doughboy

Siemens UK, that I used to work for, have a great tax fiddle scheme agreed with the HMRC.

Siemens act as an 'introducer' for you to lease a car (from an agreed lease co) with your 'own money'.

Your salary goes up (no 'allowance' added per say), and the monthly lease fee money is taken off your wage slip as a pre-tax deduction (thats the iffy bit agreed with HMRC). Because any extra money you added was tax paid money, they got it agreed on a dispensation.

The car is your car, registered and leased to you, thus not a 'company car', so there is no BIK tax on the personal use element.

The road tax and maintenance is stipulated to be provided by the the leasor.

The car is covered under Siemens blanket insurance policy.

Genius, how they ever got away with that I don't know.

They used to give me £350 a month tax free, and I added £100 tax paid, and I got a Golf V6 4motion, no BIK tax and no tax / ins / maintenance.

My employer had basically the same thing but we had to give them the tax we would have paid and they also claimed the AMAP payments which paid for the maintenance part of the lease which you got some if there was any left.

HMRC closed the loop hole on all these schemes, my employer loved it as basically cost them virtually nothing, they then threw their toys out of the pram and then only offered a cash alternative.

[Spoonhead]

In the public sector they call it a salary sacrifice scheme. Agreed with the tax man, so you take a reduction on your gross salary (for the lease cost), and therefore pay less tax/NI/pension. The organisation then pays less er's NI/Pension ccontribution.

For the public sector, it make sense, as there is no cost to the tax payer, gets away from paying ridiculous mileage rates that were above the AA rates, so had to provide P11d returns, and sorts out the management of the grey fleet (insuarance, road worthiness etc.). The employee gets a nice new car every 3years, and comparable in cost to previous lease car deals.

As the pension scheme in the public sector is still a final salary scheme (mostly), then so long as you give up the scheme within the last 3 years before you retire, your pension isn't reduced.

It's not so attractive now, as HMRC seem to be back peddling a bit, and knowing when you might be losing your job (even in the public sector), is a little more risky at the moment, as it would be a big hit on your final salary.

Gazza