Your company’s accounts show a decent profit and the directors intend to take a bonus. As investment returns are currently so poor, is your company car an investment opportunity in disguise?
Published 10.11.2010
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
If you and your spouse, or partner, both pay tax on company cars provided by your business, swapping them could reduce your joint tax bill. But what will the Taxman have to say about it?
Published 03.03.2010
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
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
You want to help one of your children buy a car. A friend suggests you do it through your company to reduce the cost. You’re not sure it will work because company cars trigger tax and NI charges. Are
you right?
Published 06.10.2017
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
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
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