Do you want to get some cash out of the company tax-free? You could hand over the keys to your family’s second car in exchange for cash, and keep using it. But will having more than one company car
land you with a big tax bill?
Published 09.04.2009
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
One of your dependents needs a car. They don’t work for your company and so wouldn’t be entitled to a company car in their own right. However, would it be tax effective for you have two company cars
but let them use one?
Published 27.04.2006
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
If your company reimburses you the cost of your broadband connection (at home) you could end up with a tax bill. However, there is another way to structure this to avoid the problem. What’s involved?
Published 11.05.2007
Whilst getting your mountain bike out of the shed for the first time this year you thought about a top of the range bike rack system for your company car. What’s the best way of doing this?
Published 25.05.2006
You’re starting a new business with a colleague and you’ve asked an accountant whether it will save you tax to run it as a limited company. He’s based his sums on various profit projections, but do
these overlook something important?
Published 18.06.2009
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
Normally, employees and directors are taxed on any company car you make available to them. However, if the driver was only a shareholder in the company, could you provide them with a car, tax-free?
Published 11.09.2008
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