Hi,
I apologies in advance if this question has already been asked in this forum.
I have done some search but could not find the answer therefore posting this question.
I am on Tier 2 General Visa
This year in annual salary review, my company has offered me an increment which is almost 5% increase, also they have offered a company car allowance.
There are two options
1. Either take monthly equivalent of about 370 pounds and arrange car myself. This will be equivalent to about 4500 pounds a year.
2. Company get car on lease for me.
In both above cases I have to pay tax on total of 4500 pounds a year on top of my salary.
Now my questions are
1. Does this car allowance of 4500 pounds a year on top of my "Salary increase" counts towards significant increase in salary?
2. Does my company need to inform Home office about company car allowance through Sponsor Management System?
3. Also could someone advise which is safer option to go for either company car or get monthly allowance? Which will not create issues during Home office audit.
I will be very thankful for any help or advise in this regard.
Thanks
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