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my car is being withdrawn because they have purchased/leased 3 new vans which are not elidgable for private use. my contract states that a company car is part of my package. They have offer a £1500 increase in salary in lue of loss of private use. To me this is no compensation for loss of car. No prior consultations were made with myself prior to being expected to sign a new contract.
Also condition of use use vehicle driving to site (not office) want to be changed.
at the moment all the cost of deisel are covered from home to site, which can vary every day, whether the site is closer to the office than my home. New terms will be that if my jurney to site is futher than office to site I have to pay tha extra distance at 14 pence a mile. Meaning I could be liable to pay my company a maximum of £10.40 a day
to drive to site, if the site were very close to the office.
When working at the office I have always paid to go there so that is not a problem.
As far as the tax man is concerned the benefit in kind to me is £3,700.
to me that is what I would expext as a salary increase to compenaste for loss of company car.