Car Allowance - How does it work??
After a bit of advice please guys.
Someone I know has been offered a job where they have said they will get a £3600 car allowance which will be paid as part of their monthly salary. They dont have a fleet scheme so what can be done? Can they carry on using their own car and pocket the money then claim the fuel back.....or can they get a car on a monthly scheme, if they do this do they need to pay anything out of their own pocket.
I couldnt really find any simple information that i could explain so any advice would be appreciated
Oh and any info or advice on tax implications would be great too.