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Benefits and allowances: 2

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.