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CARS

Reducing tax and NI on your company car

As a cost cutting measure you and your fellow directors have put a price ceiling on company cars. The trouble is the one you’re after is a few grand over this. You’ve agreed to fund the difference, but what’s the most tax efficient way? More...

COMPANY CARS

The perennial question - should you buy or lease a car?

If you’re mulling over the purchase of your new company car, it might not be just the make and model you need to think about. What tax consequences should you be considering? More...

COMPANY CARS

Company runabout for the family

Your daughter has been hinting that as she turns 17 soon she’ll be old enough to drive, if only she had a car. You know you’ll have to give in and buy her one eventually, but would it be cheaper if your company paid for it? More...

CARS

Switching cars to dodge the new higher taxes

If you and your spouse, or partner, both pay tax on company cars provided by your business, swapping them could reduce your joint tax bill. But what will the Taxman have to say about it? More...

CARS

These ECO cars are not what you might think!

A friend invited you round to view his new ECO car. A shoebox on wheels you thought, but you changed your mind when he pointed to the luxurious limo on the drive and told you it was part of a tax-saving scheme. What’s full the story? More...

CARS

Will higher CT give you more relief?

A colleague says that because the company’s financial year ends on March 31 you should defer the purchase of the directors’ new cars until after the Corporation Tax rates change in April 2010. He reckons you’ll get more tax relief. Is he right? More...

COMPANY CARS

Giving the Taxman the runaround

Your accountant has just told you how much extra car benefit you’re paying. However, it’s actually your spouse that uses it for private purposes. Can you save tax by making the car a benefit-in-kind for her (or him)? More...

DIRECTORS’ TAX

Changing cars? Tell the Taxman

DIRECTORS’ TAX

Reducing the tax on a company car

If your company provides a director with a company car and pays for their fuel, what are the tax implications? Are there any tips to paying less tax on this sort of arrangement? More...

DIRECTORS’ TAX

Tax-free company cars

As a director, you have to pay tax on your company car whilst your company has to pay National Insurance on this benefit. However, there is a way to avoid tax and NI on cars altogether. How is this possible? More...
Last updated: 12.08.2020

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