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27/02/2017
COMPANY CARS
Company car drivers warned to check tax codes
Some company car drivers are likely to underpay tax through this year but will face an unexpected bill later, warns the Inland Revenue. Because the Inland Revenue does not have the correct information to calculate the value of the benefit under the new rules, the amount of car benefit in recently issued PAYE coding notices for 2002— 03 are based on estimates and probably need to be changed.
Want to know more?
Visit the Inland Revenue’ s web site . . .
www.inlandrevenue.gov.uk/cars/calc_ben_company_cars.htm
Posted 1 March 2002