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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.
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