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TAX - COMPANY CARS

How tax efficient are electric company cars?

Electrically powered cars are now not only environmentally friendly but practical too. Plus, there’s now a decent range to choose from with more on the way. But how do they stack up for tax purposes against their fossil fuel equivalents? More...

TAX - CARS

Time to get rid of the company car?

These days there’s a high tax and NI cost associated with a company car and it creeps up each year. If it’s more than a few years old it might be more tax efficient to transfer ownership to you. When is the right time to make the change? More...

MOTORING

Better driving data

Your accountant has suggested that your mileage records aren’t up to scratch. What are the most economical options for keeping these records and could it save you money? More...

CARS

Car expenses - how much is tax free?

If you use your own car for work your company can pay you a tax and NI-free allowance based on mileage you travel on business. But if your motoring costs exceed this can you claim extra tax relief? More...

COMPANY CARS

Company car fuel - who should pay?

In the Budget the Chancellor announced progressive tax hikes for company car drivers, but employer-paid fuel appears to have got off lightly. Is there now a tax advantage to filling up your car on the company? More...

MOTOR EXPENSES

Are you making the most of mileage allowances?

The Taxman’s approved mileage allowance rates haven’t increased for eight years and are losing touch with the real cost of motoring. Will paying more bring you a tax advantage or just trouble from the Taxman? More...

DIRECTORS’ BENEFITS

What counts as private mileage?

During a PAYE audit visit the Taxman picked up on a problem in our subscriber’s procedures for dealing with company car fuel. It could cost them thousands of pounds. What steps can you take to avoid a similar fate? More...

CARS - PROFIT EXTRACTION

Disapproving of approved mileage rates

The Taxman’s approved mileage allowances have been around for nearly 20 years. But the rates haven’t changed since 2002. In the meantime the cost of running your car has rocketed. Is there any way of extracting more from the Taxman? More...

NEWS - COMPANY CARS

Fuel rates up since July 1

CARS

Mileage matters for directors

Last updated: 29.05.2020

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