Landmark Case Highlights the Rules Around Commercial Vehicles

Many business owners provide their employees with vehicles to help them perform their work duties. But with commercial vehicles attracting a lower level of tax than company cars, the vehicle must meet the criteria set out by HMRC. HMRC states that a commercial vehicle must be ‘constructed primarily for the conveyance of goods or burden with … Continue reading Landmark Case Highlights the Rules Around Commercial Vehicles

Advisory Fuel Rates

This post was originally published in 1 September 2020 and was updated on 1 June 2021 for freshness, accuracy and comprehensiveness. For employees using a company car, the new fuel rates for use from 1 March are as follows: Engine SizePetrolLPGDieselAmount per mile (in pence)1400cc or less11891401cc to 1600cc13991601cc to 2000cc13911Over 2000cc191413 For the purpose … Continue reading Advisory Fuel Rates

Does ‘Qualifying Car’ Always Mean ‘VAT Recoverable’?

The term ‘qualifying car’ is widely used and misunderstood. Car dealers may well tell potential buyers that it means you are able to reclaim the VAT. However, is that always the case? Generally, the input tax on the purchase of a motor car is blocked, unless the car is to be used for one of … Continue reading Does ‘Qualifying Car’ Always Mean ‘VAT Recoverable’?

No Company Car Tax on Zero Emission Vehicles in 2020/21

Company car tax rates increased in April 2019, as standard.  However, the rates are set to fall from 6 April 2020 for cars with CO2 emissions of up to 69g/km. The Government has announced that in the 2020/21 tax year there will be no benefit in kind on company cars with zero emissions. Further, no … Continue reading No Company Car Tax on Zero Emission Vehicles in 2020/21

Advisory Fuel Rates from 1st June 2019

For employees using a company car, the new fuel rates for use from 1 June are as follows: Engine Size Petrol LPG Diesel Amount per mile (in pence) 1400cc or less 12 8 10 1401cc to 1600cc 15 9 10 1601cc to 2000cc 15 9 12 Over 2000cc 22 14 14 For the purpose of … Continue reading Advisory Fuel Rates from 1st June 2019

New Tax Year, New Tax Rules: Are You Up-To-Date?

The start of the new tax year brought significant changes to legislation. It is also P11D season: these need to be completed soon. Increasing minimum wage From April 2019, the National Minimum Wage (NMW) and the National Living Wage (NLW) rates increased. From 1 April 2019, the hourly rates of pay are as follows: Age … Continue reading New Tax Year, New Tax Rules: Are You Up-To-Date?

Advisory Fuel Rates from 1st March 2019

For employees using a company car, the new fuel rates for use from 1 March are as follows: Engine Size Petrol LPG Diesel Amount per mile (in pence) 1400cc or less 11 7 10 1401cc to 1600cc 14 8 10 1601cc to 2000cc 14 8 11 Over 2000cc 21 13 13 For the purpose of … Continue reading Advisory Fuel Rates from 1st March 2019

Advisory Fuel Rates from 1st December 2018

For employees using a company car, the new fuel rates for use from 1 December are as follows: Engine Size Petrol LPG Diesel Amount per mile (in pence) 1400cc or less 12 8 10 1401cc to 1600cc 15 10 10 1601cc to 2000cc 15 10 12 Over 2000cc 22 15 14 For the purpose of … Continue reading Advisory Fuel Rates from 1st December 2018

Advisory Fuel Rates from 1st September 2018

For employees using a company car, the new fuel rates for use from 1 September are as follows: Engine Size Petrol LPG Diesel Amount per mile (in pence) 1400cc or less 12 7 10 1401cc to 1600cc 15 9 10 1601cc to 2000cc 15 9 12 Over 2000cc 22 13 13 For the purpose of … Continue reading Advisory Fuel Rates from 1st September 2018

New Rules on Capital Allowances and Cars

The tax treatment of cars under the capital allowances system changed with effect from 1 April 2018. The new rules are likely to have a significant impact on many businesses. Here we consider the changes in more detail. ‘Capital allowances’ is the term used to describe the deduction we are able to claim on your … Continue reading New Rules on Capital Allowances and Cars