Tax and Your Company Car

There are many factors which will influence your choice of company car. These can include the distance you travel, terrain covered, the price, your lifestyle and perhaps even your clients. However, is tax ever a consideration? The start of the tax year saw an increase in the company car rates and indeed the rates are … Continue reading Tax and Your Company Car

100% First Year Allowances on Low Emission Cars Extended

Up until 31 March 2015 it was possible for businesses to claim up to 100% of the cost of cars purchased for use in the business if they had CO2 emissions of 95g/km or less. This is known as first year allowances (FYA) and HMRC have extended the deadline for claiming FYA on low emission cars, … Continue reading 100% First Year Allowances on Low Emission Cars Extended

A Tax Efficient Company Car

In recent years the government has changed the way that company cars are taxed. They have been trying to encourage more people to be environmentally friendly. Consequently, the higher a car's CO2 emissions, the higher your tax bill on the benefit in kind, and the lower the capital allowances that are available for the company. … Continue reading A Tax Efficient Company Car

The Tax Efficient Company SUV – Mitsubishi Outlander PHEV

In recent years the government has changed the way that company cars are taxed. They have been trying to encourage more people to be environmentally friendly. Consequently, the higher a car's CO2 emissions, the higher your tax bill on the benefit in kind, and the lower the capital allowances that are available for the company. … Continue reading The Tax Efficient Company SUV – Mitsubishi Outlander PHEV

To Have A Company Car Or Not – That Is Indeed The Question

When it comes to the question of whether one should have a company car or take a car allowance instead, most people are unsurprisingly confused. As company car benefits keep increasing, so does the tax burden. So is it more beneficial? Or should you, if your Employer provides for it, take a car allowance instead? … Continue reading To Have A Company Car Or Not – That Is Indeed The Question

Can company car’s still be tax efficient?

The way company cars are taxed has changed quite significantly over the years, with the rules now concentrating on CO2 emissions instead of the list price. The government is trying to encourage more people to be environmentally friendly and consequently the higher the car's CO2 emissions, the higher your tax bill on the benefit in … Continue reading Can company car’s still be tax efficient?

Would you like the Tax Man to pay the deposit on your New Car!

Many people when choosing their next car don't know that if you buy a new car before the end of March 2013 then HMRC could pay the deposit. If your operating a business and are looking at purchasing a vehicle with a CO2 emission below 110g/km then you will be entitled to write off the … Continue reading Would you like the Tax Man to pay the deposit on your New Car!

Think Bike!

Would you consider the use of a motorcycle in your business? In recent years, the capital allowances available on cars have been increasingly restricted based on the CO2 emissions in order to encourage business owners to consider  more environmentally friendly options when purchasing new vehicles. Cars purchased as of 6 April 2012 with CO2 emissions … Continue reading Think Bike!