Salary sacrifice and company cars

By |2021-07-21T11:49:49+01:00July 1st, 2021|Company car tax, Salary sacrifice|

SALARY sacrifice is a formal agreement between employee and employer to sacrifice some salary for a new car. Salary sacrifice is sometimes used as an alternative to the provision of a company car. However, Chancellor Philip Hammond announced changes from April 2017 in the 2016 Autumn Statement. This reduces some of the previous tax and NIC advantages of salary sacrifice [...]

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