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
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
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
The tax and NI payable on company cars is already high and is set to increase for each of the next few years and probably longer. How can you use a simple arrangement to make a company car more tax
efficient?
Published 06.10.2017
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
In April, the Taxman’s Approved Mileage Allowance Payment rates (AMAPs) increased for the first time in years. Might you now be better off providing employees with a company car instead of paying
them the increased amount?
Published 17.05.2011
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
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
It’s time to think about replacing your company car. What price will the Taxman expect to see you pay, if you decide to buy the car from your company instead of trading it in?
Published 02.02.2006
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