Is your company car available for private use?

Vehicle fringe benefit applies when your business owns or leases a car and makes it available for your employees’ private travel. Don’t forget that directors might also be employees.

Some examples of providing a car fringe benefit include:

• Employees using the car for private travel, such as travel between work and home.
• Garaging the car at or near your employees’ home, which makes it available for private use – even if it is not used privately.