HMRC: Clarification on tax rules with regards to the lockdown and company car taxation

To resolve a number of burning on the subject of the taxation of an employee’s company car during the period of the lockdown, HMRC has finally clarified its position with regards to the impact of ‘availability’ and the issues surrounding salary sacrifice scheme.The article should prove to be useful guidance for both employer and employee on the potential for mitigating the Class 1A NICs for the employer and the #benefitinkind tax charge for employees.