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Search results: 51 article(s) found in topic: Cars - keyword: Benefits-in-kind

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COMPANY CARS

What’s new with company cars in 2020

If you have use of a company car for private travel you’ll have to pay tax for the privilege. Plus, there’s a further tax bill if the business pays for your fuel for private journeys. What’s changing with these tax charges in April 2020? More...

COMPANY CARS

New category for P46 (car)

CARS

New tax regime for company cars?

To start the new year the government has launched a review of vehicle taxes linked to CO2 emissions. Rumours are that official emissions levels will rise. How might this affect your choice of company car? More...

BENEFITS

Salary sacrifice tax to rise for some company cars

HMRC recently announced that it had spotted two mistakes in the relatively new rules for salary sacrifice arrangements involving cars and vans. It’s published draft legislation to correct the errors. How and when will they take effect? More...

CARS

How to make company car purchases cost effective

Tax and NI charges can make company cars expensive. However, if you use your business to run a car for a family member, say a son or daughter, there are steps you can take to make it cheaper than personal ownership. What are they? More...

BUDGET

Was it really a low-key Budget?

The pre-Budget rumours didn’t come to much in the end; however, the Chancellor announced a few interesting changes. How might they affect you or your business? More...

CARS

Less tax on optional car benefit

HMRC has changed its view on how you work out the taxable amount where an employee sacrifices pay for a company car. As an employer what do you need to know? More...

BENEFITS

Changes to benefits reporting

HMRC is making changes to two key forms used for reporting benefits in kind. What’s the reason for this and how might it affect you as an employer? More...

CARS AND VANS

When does a van become a car?

In September 2017 the First-tier Tribunal ruled on whether modifications made to three vans, which were available to employees for private use, resulted in them becoming cars for tax purposes. What was the outcome? More...

CARS

Cars, loans and capital contributions - a tax-efficient mix

The tax and NI payable on company cars is already high and is set to increase for each of the next few years and probably longer. How can you use a simple arrangement to make a company car more tax efficient? More...
Last updated: 13.12.2019

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