Employee Benefit

The company car accounting question: employee benefit or lease?

When the IASB published IFRS 16 Leases, I doubt they imagined the huge debate that would ensue over something as seemingly simple as a company car. It’s pretty easy to imagine writing pages about whether a contract meets the definition of a lease or whether a lease term should include the renewal or termination option, but the lease of a company car? It tur […]