outsourcing of company car management 08:51 Apr 14, 2009
Companies like Runzheimer structure and administrate car allowance programmes on behalf of companies as an alternative to standard company car arrangements. Company car plan = employer leases car, provides it to employee for fixed period, all drivers take same tax hit regardless of actual car use. Company car allowance = customised programme where each driver is given a tax-optimised amount to cover (the business-related component of) the cost of running their vehicle, managed in many cases by a company like Runzheimer. HTH |