loophole

Clocking loophole closing - PistonHeads

Today I heard some vague details of a loophole to avoid paying company car tax. I thought I'd share to hear what people think of how plausible this is: Employer gives a loan to the employee to buy car outright Employee pays back loan to employer over agreed time and rate Employer buys car off...

What do you all think of this? http://www.safespeed.org.uk/unsigned.html