So, let's say all other reasons of where to start a company are left out of the equation, but we're looking just to the cost of driving a company car – in what country should that company be?
I drive a lot for business, to meet with customers and grow my company. So I'd like to drive my car on the company, so I can deduct all car expenses – and so I don't need to pay VAT on that car expenses. But in most European countries, that leads to extra Benefit in Kind-taxation.
If you drive a full packed Mercedes E-Class or Audi A6 of let's say 100.000 Euro, the UK tax man will yearly add 20k to your salary and tax you on it. In the Netherlands it's 22k, even in car-friendly Germany you still pay taxes over 12k of extra salary.
Are there any countries in Europe, that do not have this Benefit in Kind-rules for company cars?
Or what kind of tricks do the smart people use, in order to drive a car for as little money as possible?
I drive a lot for business, to meet with customers and grow my company. So I'd like to drive my car on the company, so I can deduct all car expenses – and so I don't need to pay VAT on that car expenses. But in most European countries, that leads to extra Benefit in Kind-taxation.
If you drive a full packed Mercedes E-Class or Audi A6 of let's say 100.000 Euro, the UK tax man will yearly add 20k to your salary and tax you on it. In the Netherlands it's 22k, even in car-friendly Germany you still pay taxes over 12k of extra salary.
Are there any countries in Europe, that do not have this Benefit in Kind-rules for company cars?
Or what kind of tricks do the smart people use, in order to drive a car for as little money as possible?