Hello, firstimer here,
We purchased a car for use of one of the directors (base Tesla Model 3) in March this year and we are considering to use Tesla's limited time offer for "Enhanced Autopilot". This is a £3,400 software upgrade. The main reason is that it in our eyes feels like a good deal and it improves the safety of the car.
Is this treated as accessory? We don't consider it as a nice feature but really one that improves the safety... How would HMRC see it?
How shall be such a purchase treated?
- is it VAT expense?
- is this going to be BIK?
- does this increase purchase price of the car and therefore impact employees BIK however currently at 0%?