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F-G. Cars and vans, and car and van fuel

Setting up a company vehicle2:59
Setting up a company vehicle
Finding a vehicle benefit1:22
Finding a vehicle benefit
Sharing a vehicle2:30
Sharing a vehicle
Vehicle deductions for private use1:54
Vehicle deductions for private use
Private fuel2:03
Private fuel
Employee pays part of company car cost2:02
Employee pays part of company car cost
6 videos, with a playing time of 12 minutes


 

Setting up a company vehicle2:59

"How do I set up a company vehicle benefit for private use?"

When a company vehicle is used for private purposes, add it to the person's pay as a company vehicle benefit.

To add a repeating company vehicle benefit to a person's pay:

  1. First, select the pay batch of the people using the company vehicle, on: MenuPay batches
  2. To make a new repeat payable, tap: PayRepeat payables
  3. Then tap: New repeat payable
  4. And select: Company vehicle ... private use
  5. If the vehicle is a van, then tap Vehicle type, and select: Van
  6. Next, enter the vehicle's Make and model
  7. Next, type in your vehicle's Number plate
  8. Then enter the vehicle's: Purchase + accessories price
  9. And: Date first registered
  10. Next, select the: Fuel type
  11. If the vehicle's hybrid or electric, enter the: Electric max. range
  12. If you know your vehicle's CO2 emissions, enter it.
  13. Otherwise, to look it up, tap the blue "Lookup CO2 emissions" link.
  14. On the GOV.UK site, type in your vehicle's number plate, then tap Continue, then Yes, then Continue again.
  15. Scroll down, and copy the "CO2 emissions" number.
  16. Then back in 1st Money, type it in.
  17. Next, to add the people who'll be using the vehicle, scroll down and tap: Add people
  18. And select the people to add. Multiple people can be added.
  19. Then tap Save, and the vehicle benefit is shared with the selected people, as a percentage each.
  20. To see a vehicle benefit on a person's payslip, tap the person.
  21. Then hover your mouse over the vehicle benefit, and tap the "See on payslip" button:
  22. And you'll see the vehicle benefit showing under: "Benefits-in-kind ... company arranged"
  23. And finally, if you hover your mouse over the benefit amount, you'll see a breakdown of the calculation.

Keep in mind that:

  • A "Benefit-in-kind" increases the person's taxable pay, and doesn't increase the person's in-the-hand pay.
  • Also, a new vehicle benefit shows up on each person's next un-filed payslip.
  • And it won't affect any of their previously filed payslips.

To learn more:

  • About when an employer pays for private fuel costs, watch the video on: Private fuel
  • To learn more about sharing a company vehicle between people, watch the video on: Sharing a vehicle

And that's it! That's everything you need to know about setting up a company vehicle benefit!

Updated: Sat, 28 Oct 2023.
 

Finding a vehicle benefit1:22

"How do I find a company vehicle benefit so I can make changes?"

Sometimes you may want to make changes to an existing company vehicle benefit.

To find a vehicle benefit in a pay batch:

  1. First, select the pay batch on: MenuPay batches
  2. Then tap: SettingsPay batch settings
  3. Then scroll to the bottom and look for the "Repeat payables" heading.
  4. And all the pay batch's repeat payables, including vehicle benefits, are listed.
  5. And finally, when you tap one, you'll see all the vehicle benefit settings.

To find a person's vehicle benefit:

  1. First, select the person using the vehicle on: MenuPeople
  2. Then tap: PayPay settings
  3. And scroll down to the bottom, and look for the "repeat payables ... pay batch" heading.
  4. And all the person's repeat payables, including vehicle benefits, are listed.
  5. And finally, when you tap one, you'll see all the vehicle benefit settings.

And that's it! That's everything you need to know about finding a vehicle benefit to make changes!

Updated: Sat, 28 Oct 2023.
 

Sharing a vehicle2:30

"How do I add or remove people from a company vehicle benefit?"

When you share a vehicle between people, the benefit is split equally on each person's payslip.

To add multiple people to an existing company vehicle benefit:

  1. First, select the pay batch on: MenuPay batches
  2. Then tap: SettingsPay batch settings
  3. Then scroll to the bottom and look for the "Repeat payables" heading.
  4. And tap the company vehicle benefit you'd like to add people to.
  5. To add people, scroll down and tap: Add people
  6. Add as many people as you want, to equally share the vehicle between them, then tap: Save
  7. And your selected people now share the vehicle equally.
  8. To see the money value of the vehicle sharing, tap the first vehicle sharing person.
  9. Then hover your mouse over the vehicle benefit, and tap the "See on payslip" button:
  10. And you'll see the vehicle benefit showing under: "Benefits-in-kind ... company arranged"
  11. And finally, when you hover your mouse over the benefit amount, you'll see a breakdown of the sharing calculation between your selected people.

To remove a person from an existing shared company vehicle benefit:

  1. First, select the pay batch on: MenuPay batches
  2. Then tap: SettingsPay batch settings
  3. Then scroll to the bottom and look for the "Repeat payables" heading.
  4. And tap the company vehicle benefit you'd like to remove people from.
  5. To remove people, scroll down to the list of existing people.
  6. And tap the person you'd like to remove.
  7. Then tap the blue "remove" link, and tap: Yes ... remove
  8. And finally, now that the person's been removed, only the names of your remaining people are left.

Keep in mind that:

  • A company vehicle benefit is always shared equally between the listed people. There's no way to manually adjust the percentages.
  • Also, the change of adding or removing a person shows up on each person's next un-filed payslip.
  • And it won't affect any of their previously filed payslips.

And that's it! That's all you need to do to add or remove people from your company vehicle benefits!

Updated: Sat, 28 Oct 2023.
 

Vehicle deductions for private use1:54

"How do I update a vehicle benefit payslip deduction?"

When a company vehicle is used for private purposes, and the person's agreed to have money automatically deducted, you'll need to update the company vehicle benefit.

To set up a payslip deduction for a person's private use of a company vehicle:

  1. First, select the pay batch on: MenuPay batches
  2. Then tap: SettingsPay batch settings
  3. Then scroll to the bottom and look for the "Repeat payables" heading.
  4. And tap the company vehicle benefit you'd like to set up a "Vehicle private use" deduction for.
  5. Then scroll down and expand the "Optional" heading.
  6. Then in Employee payslip deductions for private use, enter how much is to be deducted, every year, to drive the vehicle privately.
  7. Next, tap Save, and the "Vehicle private use" deduction is added to the payslips of the people using the vehicle.
  8. To see the "Vehicle private use" deduction on the people's payslips, tap the company vehicle benefit again.
  9. Next, scroll down, then tap the person.
  10. Then hover your mouse over the vehicle benefit, and tap the "See on payslip" button:
  11. And you'll see the "Vehicle private use" showing under: "Post-tax withholdings"
  12. And finally, when you hover your mouse over the benefit amount, you'll see a breakdown of the "Vehicle private use" calculation.

Keep in mind that:

  • The change of adding or removing "Vehicle private use" shows up on each person's next un-filed payslip.
  • And it won't affect any of their previously filed payslips.

And that's it! That's everything you need to know about deducting for private use of a company vehicle.

Updated: Sat, 28 Oct 2023.
 

Private fuel2:03

"How do I do a vehicle benefit to cover private fuel use?"

When a company vehicle is used for private purposes, and the fuel is covered by the company, you'll need to update the company vehicle benefit.

To update a pay batch's vehicle benefit to include private fuel use:

  1. First, select the pay batch on: MenuPay batches
  2. Then tap: SettingsPay batch settings
  3. Then scroll to the bottom and look for the "Repeat payables" heading.
  4. And tap the company vehicle benefit you'd like to include private fuel use for.
  5. Then scroll down to the "Fuel" heading.
  6. And turn on: Employer also pays private fuel costs
  7. Next, tap Save, and the private fuel use is added to the payslips of the people using the vehicle.
  8. To see the private fuel use on the people's payslips, tap the company vehicle benefit again.
  9. Then scroll down, and expand the "Advanced" heading.
  10. And you'll see the yearly private fuel "Benefit-in-kind" cash equivalent.
  11. And you'll also see that it's been added to the vehicle benefit's: "Total yearly cash equivalent"
  12. Next, scroll down, then tap the person.
  13. Then hover your mouse over the vehicle benefit, and tap the "See on payslip" button:
  14. And you'll see the vehicle benefit showing under: "Benefits-in-kind ... company arranged"
  15. And finally, when you hover your mouse over the benefit amount, you'll see a breakdown of the calculation which now includes the private fuel use amount.

Keep in mind that:

  • The change of adding or removing private fuel use shows up on each person's next un-filed payslip.
  • And it won't affect any of their previously filed payslips.

And that's it! That's all you need to do, to update a vehicle benefit if your company covers a person's cost of fuel.

Updated: Sat, 28 Oct 2023.
 

Employee pays part of company car cost2:02

"How can an employee part-pay a company car's cost?"

When a person's agreed to pay for part of the purchase cost of a company car, you'll need to update the company vehicle benefit.

To update a vehicle benefit if a person's agreed to pay for part of a company car's purchase cost:

  1. First, select the pay batch on: MenuPay batches
  2. Then tap: SettingsPay batch settings
  3. Then scroll to the bottom and look for the "Repeat payables" heading.
  4. And tap the company vehicle benefit you'd like to store an "Employee payment towards car" for.
  5. Then scroll down and expand the "Optional" heading.
  6. Then in Employee payment towards car, enter how much the employee is paying, one-time.
  7. The amount of the one-time payment isn't automatically deducted by 1st Money from any payslip.
  8. Read the note which explains how you must separately arrange the payment.
  9. Next, tap: Save
  10. To see how the "Employee payment towards car" affects people's payslips, tap the company vehicle benefit again.
  11. Next, scroll down, then tap the person.
  12. Then hover your mouse over the vehicle benefit, and tap the "See on payslip" button:
  13. And you'll see the vehicle benefit showing under: "Benefits-in-kind ... company arranged"
  14. And finally, when you hover your mouse over the benefit amount, you'll see the breakdown. In the breakdown the "per year" amount is now lower because of the: "Employee payment towards car"

Keep in mind that:

  • The "Employee payment towards car" option doesn't show if the "Vehicle type" is set to: "Van"
  • Also, the money deducted, to pay for part of the purchase cost of a company car is sometimes also known as: "capital contributions"

And that's it! That's all you need to do, if a person's agreed to pay for part of a company car's purchase cost.

Updated: Sat, 28 Oct 2023.

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