Just to revive this with a new slant.
It seems clear that you cant forgo before tax......
Is the following a company car ...... or a 'director loan' and how would it be treated for BIK purposes.....
I am converting some of my salary to cover the provision of a company car....however the contract with the car company is in my personal name...I am providing the deposit and the company is paying the monthly finance amount on my behalf.
I am also fuelling, insuring and maintaining the car completely....
So...am I being provided with a company car or am I simply recieving a 'directors loan' ( I am a director of the company but not a proprietary director)
I understand I can reduce the BIK by the amount that I contribute to the running costs so that is not a fact - really it is just a question of whether or not the company is actually providing me with a company car ?
Hope that's not too confusing.