Hi

First post so hello and thank you for taking the time to reply

The company I work for at the moment supply me with a company car (09 VW Golf)

The company I work for at the moment is old fashioned there is no choice (MD Owns the company he picks it) So I have never had it explained to me which is the best route to take.

I have just applied for a new job with a different company and they have a different company car scheme

You can opt in for a company car or opt out and they will pay me an allowance of £350.00 per month + private mileage

I know if I opt out I will have to maintain the car but will I be better off as far as the TAX man is concerned... i.e... Pay LESS TAX

Thanks again

A lot depends on what car you would want and how good you are with cars, garages and so on. Personally I would take the £350 per month, spend £500 or so on a 8 - 9 year old car that isn't worn out and use that. It's not clear from what you say how the fuel and private/business miles will be dealt with but, if you receive 40p per business mile and it costs you 15p, you keep the difference with no tax payable (for the first 10000 business miles per year).

I know many other people prefer the piece of mind of having the company responsible for owning and looking after the car.