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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...

TAX - COMPANY CARS

Reducing the tax cost of a family car

You want to help one of your children buy a car. A friend suggests you do it through your company to reduce the cost. You’re not sure it will work because company cars trigger tax and NI charges. Are you right? More...

CARS

Time running out for a tax break on green cars

Lower CO2 emissions mean lower tax bills for company car drivers. Employers get a tax break too, but this is due to stop soon. If you want to take advantage of it when should you buy? More...

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 tax advantages of a pure perk company car

The time has come to replace your second car. While the current one was paid for with personal money you know that tax incentives for green company cars have steadily improved. So is it now worth getting your company to pay? 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...

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...

PROFIT EXTRACTION

Tax allowances for two wheelers

The tax rules on depreciation have recently changed. There’s now a 100% deduction for the cost of a company motorcycle. You may not fancy the idea of two wheels, but is there another way you can take advantage? More...

DIRECTORS’ TAX - CARS

Selling your car to your company

Your BMW is costing you a small fortune to run every year. What if you were to sell it to the company instead? Would you be any better off and what would be the company’s position? More...

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...
Last updated: 13.08.2020

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