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Originally posted by DaveB916 I seem to recall @ 4 years ago there was not any tax liability on a comapny motorcycle?
Not sure if this has changed along with 'crew cabs' now attracting full vehicle tax as opposed to the std. £500 for a van?
Sure the tax man will get you one way or another.
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Yeah, its definitely changed...when I bought my bike on the company in early 2000, the tax liability was minimal, but for the last couple of years, I was paying tax on the value of the bike, tax on the value of the servicing, and over a 5 year ownership, I reckon I might as well have paid the VAT in the first place. I have heard other accountants say that you don't have to pay the VAT when you dispose of the bike, but mine was adamant that you do, and you don't want to fcuk with the VAT man! If the bike is only £3,000 , I'm assuming its second hand, so will probably not depreciate too much, so you probably wouldn't gain too much once you eventually sell it on....every case is different, but I reckon that with things as they are, you wouldn't save much