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The government, however, knows that this ploy is used, so it taxes business cars as it classes the scheme as outside of a citizen’s National Insurance impact. Called Benefit In Kind (BIK) tax, company.
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The UK division posted higher profit than overall pretax profit due to "other" items totalling a negative GBP38.2 million. This included a share scheme charge of GBP21.6 million, up from GBP16.9 milli.
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