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You mean at over 100K when you loose your personal Allowance (PA) at a quid for every two quid over?
Your company car would be a benefit in and and reported by your employer to HMRC on a P11d at the conclusion of every tax year. This can then be taken into account in your tax coding. Is the car used only for your employer's activities or do you have private use too?
It most certainly does, and is utterly incorrect. It is a matter for the P11d reporting a benefit in kind. It is this sort of difficulty why many people buy their own cars and claim motor mileage at 45p per mile (25p over 10000 miles) which is tax free.
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