In the Budget the Chancellor announced progressive tax hikes for company car drivers, but employer-paid fuel appears to have got off lightly. Is there now a tax advantage to filling up your car on
the company?
Published 19.04.2012
Aren’t you feeling the pinch every time you fill up your company car? You get a mileage rate for all business journeys but that doesn’t really cover the cost of the fuel at current prices, so what
can you (and your company) do about it?
Published 16.01.2008
The 2011/12 tax year has ended and the P11D forms must soon be submitted. But if in doing so you realise the company car that seemed like a good idea four years ago is now costing you a fortune in
tax, what can you do about it?
Published 18.05.2012
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?
Published 11.01.2016
We recently heard from a subscriber who has been doing battle with the Taxman over use of company resources. He reckons that the directors should pay tax for using the company’s software at home.
Does he have a point?
Published 05.01.2010
The recent snow has led to treacherous driving conditions and consequently busy car repair workshops. So one of our subscribers asked us what the tax position was while their company car was off the
road for repair.
Published 19.01.2010
If your company provides a director with a company car and pays for their fuel, what are the tax implications? Are there any tips to paying less tax on this sort of arrangement?
Published 13.04.2007
There’s no escaping tax on the benefits-in-kind (BiK) you receive from your company, but a loophole in the rules means that you can delay payment for a long time. How can you take advantage of this?
Published 28.04.2011
Your company pays for fuel used in its business in different ways, either direct to the filling station or through a mileage allowance paid to directors and employees. How can you maximise the amount
of VAT you reclaim?
Published 03.03.2017
Your accountant has just told you how much extra car benefit you’re paying. However, it’s actually your spouse that uses it for private purposes. Can you save tax by making the car a benefit-in-kind
for her (or him)?
Published 16.07.2008