FAQ / Employee Car Ownership Schemes

Why should I offer ECO, instead of just giving drivers a Cash Allowance?

Why should I offer ECO, instead of just giving drivers a Cash Allowance?  Unlike a standard cash allowance scheme, ECO schemes can be structured to fully emulate the experience of having a company car, but can make use of full HMRC AMAPs, thus maximising tax efficiency, in a way standard cash allowance schemes do not.