Choosing the right van for your business requires consideration of a lot of things; boot space, emissions and insurance costs. But it's also worth thinking about the tax implications of the van you're looking to buy, particularly if you're purchasing it through a limited company.
While it is true that there is no benefit in kind tax charge on a pool car, it is frequently the case that the term is used loosely and the `pool car’ may not actually be a pool car at all in the taxman’s eyes.
Cars do not qualify for the annual investment allowance, but by choosing a low or zero emission car it is possible to secure a 100% deduction in the year of purchase in the form of a 100% first year allowance.
