Post Apollo Fuels Car Benefit 2014/15

Post Apollo Fuels Car Benefit 2014/15

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I can see very little from HMRC that provides clarity with regards to the application of a 2014/15 company car benefit arising on company cars whose lease/hire costs are recharged to directors and employees.

As far as i am concerned where possible all such arrangements should be cancelled, but where this is not possible, while i understand that private use contributions will reduce the benefit charge for payments made in the tax year-

  • Will recharged payments of lease/hire costs accepted as private use contributions???
  • EIM25250 states that payments must actually be made, will debits to a directors loan account (of course providing it is in credit) with supporting invoice be accepted as such a payment?

Any helpful comments/ views  greatly appreciated

Replies (4)

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Portia profile image
By Portia Nina Levin
25th Sep 2014 12:46

Surely

Pending HMRC's appeal to the Court of Appeal, the consequence of the UTT's decision is that there is no benefit in the circumstances you describe

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By austwick
25th Sep 2014 13:02

My understanding was that the law was revised following apollo and applies from 6 April?

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Portia profile image
By Portia Nina Levin
25th Sep 2014 13:13

The change in the law

Only amends one of the two points on which Apollo Fuels won.

You have to remember though that HMRC's opinion is that nothing has changed.

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By austwick
25th Sep 2014 15:54

Thank you, so no other

Thank you

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