Lease car conundrum | AccountingWEB

Lease car conundrum


I was asked an interesting question earlier regarding lease cars and was wondering what people's thoughts were.

If a one director limited company currently leases a car under a personal agreement and claims AMAPs to cover the expenses of motoring. Is there any reason why they can not change the treatment of the expense part way through the year and elect to not claim AMAPs but actual cost. The only barrier i was thinking in the way was that the lease was in the individuals name and not the companies, if this could be changed then this would be ok?


There is 1 comment. Login or register to view it.


Steve Kesby |
Steve Kesby's picture