Tax charges on company vans

May 21, 2020 | by Sian Kelly | No comments

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.

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Company car tax - why it might pay to go electric

July 03, 2018 | by Sian Kelly | No comments


For owners of small businesses, taking out a company car can prove false economy - often creating more personal tax liability than it saves on the companys corporation tax bill.

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What's the benefit of an electric company car?

November 14, 2017 | by Sian Kelly | No comments

Despite rising tax charges year on year, many people still enjoy the convenience offered by a company car. The benefit in kind tax rules reward those who choose cheaper, lower emission cars with a lower tax bill.

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What are the rules in 2017/18 for company cars and the taxman

June 13, 2017 | by Sian Kelly | No comments

Company cars are a popular benefit and are often something of a status symbol. But, they have also been an easy target for the taxman.

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First year allowances for cars

February 21, 2017 | by Sian Kelly | No comments

It is possible for a business to set the full cost of a car against profits in the year of the purchase if the car is a low emissions car that qualifies for the first-year allowance. A 100% first-year allowance is available in respect of cars that meet the definition of a `low emission car’ for capital allowances purposes.

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Cars and fuel- changes on your tax bill for 2016/17

May 03, 2016 | by Sian Kelly | No comments

A benefit-in-kind tax charge arises when a company car is also available for private use. The amount that is taxed in respect of this benefit is a percentage of the list price of the car when it was new. The percentage (known as the appropriate percentage) depends on the CO2 emissions of the car.

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