By personally paying part of the cost of your company car you can reduce the benefit in kind on which you’ll be taxed and your company will pay NI. But will these savings be enough to outweigh the
cost of your contribution?
Published 14.11.2022
It’s not a good time for big spending but you can’t put off buying your new car any longer. Could the new lower taxes for “greener” cars be the answer to your problem?
Published 26.02.2009
You want to help your daughter buy her first car. Your options are buy it yourself or get your company to pay. The trouble is that the latter option comes with extra tax and NI charges. But is it
possible to eliminate these?
Published 05.02.2015
At one time the government’s intention was to tax company cars out of existence. These days it’s a little more enlightened, even offering extra tax relief in some cases. This begs the question: which
cars are best for tax breaks?
Published 07.07.2010
Your son/daughter is coming home from University for the Christmas break. Already they’re insisting that they simply must have a car to use when they go back. OK, but couldn’t you run it as a company
car?
Published 23.11.2006
Company cars are taxed according to their original list price and CO2 emissions. This means if yours is getting a bit long in the tooth it might not be tax efficient. Can transferring ownership from
the company to you solve this?
Published 04.02.2013
A colleague has told you that he has ditched his company car and instead puts all his car bills through the business. How does this save tax? Is this something you could take advantage of?
Published 13.09.2007
In his 2016 Budget the Chancellor announced that the capital allowances (CA) tax break for low emission company cars will continue, but subject to tougher limitations. How should you plan your
vehicle purchases to maximise tax relief?
Published 18.04.2016
You’ve just calculated that your car benefit for this year is going to be enormous. But it’s actually your spouse that uses the car. Can you transfer it to them to reduce your tax bill?
Published 10.11.2005
When you add a sat-nav as an extra to your company car it will cost you more in tax. The rate you’ll pay is based on your vehicle’s CO2 emissions. But is there a way to reduce or even eliminate this
extra tax bill?
Published 15.05.2009