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Search results: 45 article(s) found in topic: Cars and vans - keyword: Company cars

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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 - COMPANY CARS

April 2020 company car changes

TAX - COMPANY CARS

Share a company car with your partner

You’ve had a company car for years. A friend has recently told you that you could have saved tax and NI if it been provided to your spouse instead of you as they paid tax at a lower rate. Are they correct and is it a tactic worthwhile considering now? 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

The trouble with pool cars

HMRC is known for challenging businesses that provide pool cars for employees. If it succeeds it’s not just your employees that face extra tax, your business will have to pay NI contributions too. What can you do to protect against this? More...

TAX - CARS

What are the best company cars for tax deductions?

Usually, it takes decades for businesses to obtain tax relief for the full cost of a car. However, some automatically qualify for relief sooner, while for others you can take steps to legitimately speed it up. How’s it done? More...

LEGAL COMPLIANCE

Driving for work: the MOT rule changes

On 20 May 2018 the MOT test - which applies to all vehicles three years and older - will change, introducing a more stringent testing regime. What do you need to know? 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...

COST CUTTING - CARS

Car schemes that keep a lid on costs

Providing company cars isn’t cheap, but paying staff to use their own vehicles has caused you trouble in the past. Could joining one or more car clubs provide a low cost and viable solution? More...

TAX - CARS

Tax deductions - what’s the best company car?

Tax relief for the cost of company cars can be allowed all in one year or take over 20 years. This makes a big difference to your cash flow. What types of car should you choose for the best results? More...
Last updated: 31.03.2020

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