Car Benefit

PoodlePoodle Experienced MentorRegistered Posts: 711
Hi

Does any one have a quick way to work a car benefit backwards?


If an employees contract says that a car benefit equal to £3,500 is allowable p.a, what value car does that equate to?

Poodle

PS forget fuel

Comments

  • DeanDean Experienced Mentor DevonRegistered Posts: 646
    It would depend on how 'dirty' the car is to get a cost price?

    Although, I’m sure there must be an algebraic formula here, where 'E' = the percentage of emissions – but it’s to late in the day for me to work it out :laugh:

    Regards

    Dean
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