This year’s Finance Act will include a retrospective change to the rules for working out tax on company cars which have been “security enhanced”. What does this mean and who will be affected?
Published 08.02.2012
The tax and NI you pay on your luxury company car has gone through the roof over the last few years. You’ve decided to transfer the car into your personal name to avoid this. What’s the most
tax-efficient way to do this?
Published 18.03.2011
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
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
Pump prices are down; in fact, fuel is cheaper than it was in 2011. Despite this, the tax charge where your business pays for fuel that you use for private journeys in a company car has steadily
increased. Can it ever be tax efficient?
Published 13.11.2014
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
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
Employees who contribute to the cost of using their company car for personal journeys get a reduced tax charge. This can be calculated in two ways. As the employer which one offers you the greatest
advantage?
Published 30.03.2015
Two new rules have been created to counter certain company car and van schemes that HMRC considers unfair tax avoidance. When will they take effect and what action should you be taking before then?
Published 10.01.2014
A colleague has told you that any employee who is not a director and earns less than £8,500 a year doesn’t get taxed on any benefits-in-kind they receive. They say this means that their spouse gets a
company car tax-free. Is this true?
Published 01.02.2007