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Where Taxpayers and Advisers Meet

Tax Bracket, BIK

PhilkipKeys
Posts:1
Joined:Mon Aug 30, 2021 8:35 am
Tax Bracket, BIK

Postby PhilkipKeys » Mon Aug 30, 2021 8:43 am

Good morning,
I am currently on a Salary of £38000 and have a company car which has a benefit in kind value of £15535.

Does that mean for tax purposes they look at my salary as £53535?

Jholm
Posts:222
Joined:Mon Mar 11, 2019 4:22 pm

Re: Tax Bracket, BIK

Postby Jholm » Tue Aug 31, 2021 9:28 am

Yes


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