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TAX - CARS

A DIY scheme to save tax and NI on company cars

Whether a company car is essential for your job or simply a perk, stiff tax and NI charges can apply. The good news is that there’s a simple, legitimate but under-used scheme that can reduce the tax and NI payable. 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...

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...

TAX

What’s the trouble with fuel for company cars?

If your business provides company cars you need to take extra care in accounting for the cost of fuel. Get it wrong and your business and the driver will be hit with hefty tax and NI bills. What’s the problem and how can you avoid it? 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

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

Getting a good return from your company car

Your company’s accounts show a decent profit and the directors intend to take a bonus. As investment returns are currently so poor, is your company car an investment opportunity in disguise? More...

CARS

Can a company car ever be tax-free?

In yet another recent case involving cars, the tax tribunal had to decide whether a company-owned vehicle qualified for the “pooled car” tax break. Thousands in tax and NI were at stake. What was the outcome? 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...
Last updated: 12.08.2020

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