BIK on Car When Not Used

Client has company car for his exclusive personal use and pays BIK taxation on it.  However, he travels overseas frequently, and car is not used for extensive periods (sometimes months at a time).  Does the company car benefit still apply during those periods when the car can not be used because he is overseas?

Comments
There are 12 comments. Login or register to view them.

Yes

Euan MacLennan |
Euan MacLennan's picture

SORN

Steve Holloway |
Steve Holloway's picture

SORN should be unnecessary

BKD |
BKD's picture

Sorry assumed OMB ....

Steve Holloway |
Steve Holloway's picture

SORN won't work

Steve Kesby |
Steve Kesby's picture

Company car unavailable

raychidell |

@Ray

Steve Kesby |
Steve Kesby's picture

Resources

raychidell |

Taxes certainly don't have to be fair

Roland195 |

alternatively

Tom 7000 |
Tom 7000's picture

Key word - Available

brian.barrett |

At a recent course......

Swedish Chef |
Swedish Chef's picture