Reply to post: Re: Company Cars are a financial millstone

Vodafone won't pay employee expenses for cups of coffee

Roland6 Silver badge

Re: Company Cars are a financial millstone

Depends on your stance on taxation...

You can use a company owned car for 'personal usage', just that this has to be declared as a 'benefit'.

It is (or was) common for vans etc. to be kept in a pool and thus have their usage restricted to company business only and have a no personal usage restriction simply to keep accounting and tax reporting simple(r).

Cars on the other hand tend to be allocated to individuals as a benefit (and thus a cost to the company) and with company usage (reported via expenses) simply being treated as an expense.

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