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Where Taxpayers and Advisers Meet

Car Salary Sacrifice - Informing HMRC

ianonline
Posts:1
Joined:Sun Mar 29, 2020 5:27 pm
Car Salary Sacrifice - Informing HMRC

Postby ianonline » Sun Mar 29, 2020 5:37 pm

I am hoping someone can answer what I need to input in the boxes below informing the tax office via online I now have a salary sacrifice car "just add fuel scheme" through my work which myself/wife can drive, this is not a given company car for the job its a scheme where I have chosen a car for my own use
What value goes into "your contribution to price" I paid nothing up front for the car, just my monthly deductions
What do I enter in the Salary Sacrifice amount ?, is that my gross monthly deduction my company take from me prior to tax as set out in the agreement ?, do I annualise this figure ?
List price in accessories £27,500
Your contribution to the price ? (i didn't contribute so i assume this is nil)
Salary Sacrifice amount - Is this my monthly deduction prior to tax as stated in the agreement (£350) annualised so £4200
Your contribution to private use - Im guessing this is nil ?
Thanks in advance

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