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Bob
Lv 4
Is a Vehicle Allowance taxable?
We currently pay a couple employees a vehicle allowance rather than tracking mileage and all that overhead. Is this a taxable event? The closest thing I could find to make it non-taxable is a service agreement between employee and employer for the equipment usage.
Update:
No, USA.
1 Answer
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- ?Lv 76 years agoFavorite Answer
Reported as a benefit in kind and the employee makes a claim under mileage. I assume this is a UK question.
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