mike79
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Trade Up Payment for Company Car - where to capture for BIK
I have recently accepted a company car and am looking to update my tax code to take account of this change. I have paid for some additional accessories that I am including in the 'Did I Pay Anything After Tax, Towards the Car' section of the updating my tax code HRMC pages. However, Im also paying £151.40 per month to Trade Up to this vehicle. This works out at £1817 per year that I am paying to my employer as a contribution towards the capital cost of the vehicle (after tax). This payment is not related to personal use. Given this is a capital contribution towards the cost of the vehicle can I include this £1817 in the 'Did I Pay Anything After Tax, Towards the Car' section in my HMRC tax code update?