Source: Pay and Benefits Bulletin Issue: 472 Date: 01-05-1999 Publisher: IRS

Benefits and allowances: 2

TOPICS:
pay and benefits benefits (pay-related and other)
premiums and allowances

SECTORS:
chemicals
electricity, gas and water
engineering and metals
finance
food, drink and tobacco
hotels and catering
manufacturing (other)
mining and quarrying
paper and printing
public services
retail and wholesale
services (other)
transport and communication

Summary

In the second of our three-part review of allowances, we focus on company cars, motor mileage and other related benefits, and find that:

  • seventy-four organisations (82% of those surveyed) offer company cars, either on a "perk" or business-need basis;

  • cash alternatives to status vehicles are offered by 31 organisations, a third of all participants;

  • more than four-fifths (82%) of employers pay a motor mileage allowance to staff using their own car on company business; and

  • a third of firms (31%) offer employees season-ticket loans, usually on an interest-free basis.

    We also summarise the current Inland Revenue regulations concerning both company car provision and motor mileage.

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