2 companies and 1 car

2 companies and 1 car

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Company A owns a vehicle for use by the sole director of the company. Company A purchases Company B, with again the same sole director. The director uses the same vehicle in the performance of his duties with both companies. Both companies trade from the same office. Is there a recognised acceptable method of calculating a charge for use of the car from Co A to Co B? Also, there is already a P11D situation for the car with Co A for this director. Would the director be caught again with a P11D with Company B?

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By Katrina H
04th Apr 2012 10:45

Can anyone help?

Just refreshing my original query. Can anyone help me please?

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By neileg
04th Apr 2012 13:21

Yes and no

You can use any basis for recharge that you like. If you think it's worth the effort, keep a mileage log and charge per mile. Or a fixed monthly charge. Or ignore it altogether.

Only one car benefit applies regardless of who pays for what.

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By Katrina H
04th Apr 2012 15:25

Thank you

Many thanks for your help!

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