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

Tax Charge to Reduce on Hybrid Cars

The Government has announced plans to reduce the company car tax rates on low emission vehicles from 6 April 2020. For cars with no CO2 emissions, the current percentage applied to the list price to determine the benefit in kind value, is 13%. This is set to increase to 16% in 2019/20 and then fall … Continue reading Tax Charge to Reduce on Hybrid Cars

Cars in the Business

For those businesses operating as a limited company, it is important to remember that as a director, you are a separate entity from the company. This is in contrast to a sole trader or partnership, where the proprietor or partner is, in fact, the business.  This difference sets the context for paying or reimbursing motor … Continue reading Cars in the Business

Advisory Fuel Rates From 1st June

For employees using a company car, the new fuel rates for use from 1st June are as below: Engine Size Petrol-amount per mile LPG-amount per mile Diesel-amount per mile 1400cc or less 10 pence 7 pence 9 pence 1401cc to 1600cc 13 pence 9 pence 9 pence 1601cc to 2000cc 13 pence 9 pence 10 pence … Continue reading Advisory Fuel Rates From 1st June

Advisory Fuel Rates From 1st March 2016

For employees using a company car, the new fuel rates for use from 1st March are as below: Engine Size Petrol-amount per mile LPG-amount per mile Diesel-amount per mile 1400cc or less 10 pence 7 pence 8 pence 1401cc to 1600cc 12 pence 8 pence 8 pence 1601cc to 2000cc 12 pence 8 pence 10 pence … Continue reading Advisory Fuel Rates From 1st March 2016

Ways To Save Tax Ahead Of The 5 April Year End

The end of the tax year of 5 April is fast approaching, and this is always a good time of year to think about ways to structure your business and personal finances so that they are as tax-efficient as possible. With new rates and various legislative changes due in the 2016/17 year, here are some … Continue reading Ways To Save Tax Ahead Of The 5 April Year End

Advisory Fuel Rates From 1st December

For employees using a company car, the new fuel rates for use from 1st December are as below: Engine Size Petrol-amount per mile LPG-amount per mile Diesel-amount per mile 1400cc or less 11 pence 7 pence 9 pence 1401cc to 1600cc 13 pence 9 pence 9 pence 1601cc to 2000cc 13 pence 9 pence 11 pence … Continue reading Advisory Fuel Rates From 1st December

Is It Time To Ditch Your Fuel Charge Benefit?

The car benefit charge multiplier increased from £21,700 to £22,100 on 6 April 2015 and, with effect from 6 April 2016, will increase again in line with the retail prices index. The equivalent benefit for vans is £594 and, again, will increase in line with the retail prices index. This means, for example, if your … Continue reading Is It Time To Ditch Your Fuel Charge Benefit?

You Auto Know The Car Pool Criteria!

If you provide your employees with a car which you deem a pool car, then you must ensure that this is a pool car within HM Revenue & Custom’s definition. If HMRC enquire and find that the car should in fact be treated as a company car, then they will enforce this treatment, along with any … Continue reading You Auto Know The Car Pool Criteria!

Advisory Fuel Rates From 1st September

For employees using a company car, the new fuel rates for use from 1st September are as below Engine Size Petrol-amount per mile LPG-amount per mile Diesel-amount per mile 1400cc or less 11 pence 7 pence 9 pence 1401cc to 1600cc 14 pence 9 pence 9 pence 1601cc to 2000cc 14 pence 9 pence 11 … Continue reading Advisory Fuel Rates From 1st September