Cars leased to employees on arm's length terms are not a benefit (First-tier Tribunal) | Practical Law

Cars leased to employees on arm's length terms are not a benefit (First-tier Tribunal) | Practical Law

The First-tier Tribunal held that cars leased by a company to its employees on arm's length terms did not constitute a benefit (Apollo Fuels Ltd and others and Brian Edwards and others v HMRC [2013] UKFTT 350 (TC)).

Cars leased to employees on arm's length terms are not a benefit (First-tier Tribunal)

Practical Law UK Legal Update Case Report 4-532-4549 (Approx. 4 pages)

Cars leased to employees on arm's length terms are not a benefit (First-tier Tribunal)

by Practical Law Tax
Published on 01 Jul 2013 • United Kingdom
The First-tier Tribunal held that cars leased by a company to its employees on arm's length terms did not constitute a benefit (Apollo Fuels Ltd and others and Brian Edwards and others v HMRC [2013] UKFTT 350 (TC)).
Note: this decision was upheld (albeit with different reasoning) by the Upper Tribunal: see Legal update, Cars leased to employees on arm's length terms not a benefit (Upper Tribunal).