SE23075 - Car benefits: car made available for private use of two or more directors or employees within Part V Chapter II ICTA 1988: ESC A71

Extra Statutory Concession A71

Extra Statutory Concession A71 also deals with the situation where two or more directors or employees within Part V Chapter II ICTA88 share the use of a single car. The relevant part of the Concession is as follows:

“Where two or more directors or employees earning £8,500 per year or more have shared use of a car made available by their employer for private use, only a single car benefit charge will be made in respect of the car. This will be apportioned between them having regard to all the relevant facts.”

The Concession applies to the car fuel scale charge as well as to the car benefit charge.