ACCOUNTANTS, TAX CONSULTANTS & ADVISERS TO BUSINESS

121 Trewmount road, Dungannon, BT71 7EF

Pool Car Pitfalls

Be wary of your treatment ‘pooled’ cars, clapped out bangers, and most of all be careful of clapped out bangers that you call a pooled car. The recent tribunal case Yum Yum Ltd v HMRC (TC616) reinforces how difficult it can be to class a company-owned car as a pool car for tax purposes. The company alleged that the car (which was the only company vehicle and was kept overnight at the controlling director’s house) was a ‘pooled car’ on the grounds that company records were kept at the house and thus this was property occupied by the company. Whilst the judge…
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