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- Dec 29, 2022
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Hello everyone, hope you're all enjoying the holidays.
I am a director / shareholder of a UK ltd company. I am in the process of buying an electric car with the company. The company owns the vehicle and the V5 is in the company's name. The company just has this vehicle, no others.
I haven't quite go to grips with the insurance. I've called up 'regular' insurers who've said it's no issue the car being owned by the company, but then all the other details need to go into my name.
Is this correct from an accounting / HMRC point of view, as I was intending for the company to pay for the insurance.
Thanks in anticipation.
I am a director / shareholder of a UK ltd company. I am in the process of buying an electric car with the company. The company owns the vehicle and the V5 is in the company's name. The company just has this vehicle, no others.
I haven't quite go to grips with the insurance. I've called up 'regular' insurers who've said it's no issue the car being owned by the company, but then all the other details need to go into my name.
Is this correct from an accounting / HMRC point of view, as I was intending for the company to pay for the insurance.
Thanks in anticipation.