Prime Blog

March 2017

Pool cars - are you satisfying the five conditions?

Another tax case has been lost by a tax payer due to them failing to satisfy HMRC that a company car was in fact a pool car.

Five conditions must all be satisfied in a particular tax year in order for a car to be regarded as being a pool car for the use of employees.  Even if all conditions are satisfied that may not necessarily be enough to prevent tax and national insurance arising, therefore it is key the right paperwork and procedures are in place. 

The rules around pool cars are complex so please do get in touch if you would like us to review your position.

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