Pool car perk
Got a “pool vehicle”?
Well, it depends on how it’s being used.
I was chatting to a club last week about one of their new employees – a course manager.
He’d decided that the pool vehicle should live at his house during evenings and weekends but charitably agreed that when he was on holiday, he’d leave it at work.
Here’s the problem – through HMRC’s eyes, that transforms the “pool vehicle” into a company car, which the course manager will have to pay tax on, just as if he were the only one using it.
If pool vehicles are taken home and used for anything other than specific work travel, they immediately become a taxable benefit.
Sucks for the course manager, but rules are rules.
