Taxation of Company Cars
Article Abstract:
An employee is charged income tax on the benefit he is receiving by being entitled to use a company car for private use, even if he does not, in fact, use it that often. There are three exceptions including: 1) the employee is not allowed to use the car for private use, 2) the employee only has access to a pool car, and 3) the employee is a lower paid employee. Several factors should be considered when calculating tax basis: 1) original market value is the expected cost if sold singly in the United Kingdom, 2) second hand cars are treated the same way, 3) business mileage affects tax, 4) a car is given in place of salary, tax is on the higher value - of car or forfeit salary, and 5) car fuel is assessed separately.
Publication Name: The Accountant
Subject: Business
ISSN: 0001-4710
Year: 1983
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Look Again at Traded Options
Article Abstract:
Traded options are used in order to benefit from gearing and limited risk. It provides means to liquidate open positions and obligations when a given investment view is being substantially altered. Traded call option and traded put option provide standardized terms and secondary market. Option premium depends on the supply and demand for the options. It also depends on the stock market sentiments. In 1984, London Traded Options Market will introduce a new option contract on a giltedged stock and a new wide Stock Exchange Index.
Publication Name: The Accountant
Subject: Business
ISSN: 0001-4710
Year: 1984
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