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Jane prepares accounts to 5 April. At 6 April 2014 the WDVs brought forward are as follows:
£ Main Pool 21,200 Motor car (115g/km) (used 30% for private purposes by Jane) 13,600
The following transactions took place during the year ended 31 December 2014:
10 May 2014 Purchased plant for £6,600
25 June 2014 Purchased a motor car for £10,600 CO2 emissions of 100g/km to be used by an employee who will use it 80% for business purposes
15 October 2014 Sold the motor car used privately by Jane for £9,400
16 October 2014 Purchased a motor car for £16,000 CO2 emissions of 180g/km (used 30% for private purposes by jane.here, why don’t we make separate column for 25 june CAR, 20% has been privately used. . for other remaining two cars we have made separate columns.
The key reason is because it is being used by an employee not the owner or partner.The employee will ,however, be taxed on the provision of the car as there is a private use element and so there is an assessable benefit which will be borne by employee if they are a P11D employee.
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