Some tax inspectors are questioning the benefit-in-kind that comes with a company van used for private journeys (other than ordinary commuting). How can you ward off this latest attack on a
legitimate piece of tax planning?
Published 09.05.2008
The Taxman has incorrectly applied the law which says how much VAT is payable where businesses pay for fuel used for private mileage. What’s the full story?
Published 31.05.2012
Recently, the tribunal considered whether a director owed tax on fuel paid for by his company. Given the facts, it seemed inevitable the case would go the Taxman’s way. What went wrong for the
director and how can you avoid the same mistakes?
Published 22.07.2011
If an employee works late, you might pay for their taxi fare home. However, the Taxman can have a problem with this and has recently set out his views. So what do you need to remember to do?
Published 25.10.2007
If you’ve made a company car available to an employee at “weekends only”, would this significantly reduce the taxable benefit-in-kind on that car? And would it help if the employee made a
contribution to the cost of the car too?
Published 03.07.2008
If you provide cars for directors, they’ll usually be caught for tax under the benefit-in-kind (BiK) rules. But one business came up with a special scheme to get around these by using a partnership.
What’s the tribunal’s current view on this?
Published 06.09.2012
Are the changes to the rate at which company vans are taxed from April 6, 2007, a problem or an opportunity? In particular, will it still be worth going for a pick-up rather than a 4x4?
Published 07.12.2006
Classic cars come in all shapes and sizes. You might be considering owning one - nothing fancy, just something affordable. But did you know that it could now be tax efficient if your company owns it
instead. How?
Published 15.03.2007
You can reduce the tax payable on company cars by contributing to either the cost of the vehicle or the running expenses. But which of these methods will save you the most in tax and NI?
Published 31.05.2012
If employees carry colleagues on business trips in their cars or vans, your company could improve its “carbon footprint”. But are there any tax-free mileage benefits which support such a green travel
policy?
Published 22.11.2007