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
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
A friend invited you round to view his new ECO car. A shoebox on wheels you thought, but you changed your mind when he pointed to the luxurious limo on the drive and told you it was part of a
tax-saving scheme. What’s full the story?
Published 10.12.2009
Your daughter has been hinting that as she turns 17 soon she’ll be old enough to drive, if only she had a car. You know you’ll have to give in and buy her one eventually, but would it be cheaper if
your company paid for it?
Published 31.05.2011
As a cost cutting measure you and your fellow directors have put a price ceiling on company cars. The trouble is the one you’re after is a few grand over this. You’ve agreed to fund the difference,
but what’s the most tax efficient way?
Published 02.04.2013
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
During a PAYE audit visit the Taxman picked up on a problem in our subscriber’s procedures for dealing with company car fuel. It could cost them thousands of pounds. What steps can you take to avoid
a similar fate?
Published 17.02.2010
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?
Published 28.03.2019
The tax rules on depreciation have recently changed. There’s now a 100% deduction for the cost of a company motorcycle. You may not fancy the idea of two wheels, but is there another way you can take
advantage?
Published 10.07.2009
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