Pool cars are not considered an “employment benefit” and, therefore, workers are not required to pay the BIK. And of course, it also means that companies don`t have to pay employee NICs. HMRC accepts any sharing of the benefit agreed between the company and the employees as long as it does not artificially reduce the total amount of taxes payable. In some organizations, a small number of employees share the use of a car — perhaps what was once a pool car that is regularly used by some employees, including private use. The legislation provides for rules to ensure that every worker pays only taxes on his or her car use. Regarding VAT and compensation for the cost of renting or buying group cars, the rules are the same as for company cars (after all, you have to buy or rent the equipment – the way you treat the car afterwards is the point of difference). It is called a pool car, because it is a good that can be used by anyone in this organization: “Shared Use”. If you provide the car and fuel in another way, you may not have to report or pay anything. To be released, your employees must use the car or fuel in one of the following ways. General Assessment – This refers to the price the employee would pay to pay for the vehicle during the same period at the same geographic location. The issue of function cars often arises in conversations with customers. Is it better to offer an employee the advantage of a company car or are poolcars a more attractive option? To be treated as a poolcar or carrier, the vehicle must therefore be: to be eligible for a service vehicle, employees must complete a form and present a copy of their driver`s license.
Employees can only drive a company car if they have a valid driver`s license and a clean driver`s license for at least [X years]. The Enterprise Vehicle Directive provides employees with guidance on the acquisition, qualification and use of a company vehicle. A “company vehicle” is any vehicle that assigns [company name] to employees. This directive applies to all employees who use a company vehicle and applies during and outside of working time. If the company pays for fuel and allows drivers to use the vehicle for private kilometres (including commuting), employees should share the free fuel tax in the same proportions as they share responsibility for the car benefit If workers have suspended or revoked their driver`s licenses, they must notify our service [HR]. We will reallocate their company car until they are usable in accordance with our directive (a clean driving record for at least [X years]).