The tax bill for gas-guzzling company cars has remained flat but that for mid-range cars continues to rise. This can be especially harsh for director shareholders with older cars. What steps can you
take to improve tax efficiency?
Published 26.06.2017
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 his accountant has recently added £4,000 tax-free to his director’s loan account for the use of his car by the company. Is this something you should be considering?
Published 22.06.2006
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
If an employee uses their own car for business journeys, you can pay them a tax and NI-free mileage allowance. This can be tax efficient for them, but there’s not much in it for you. How can you use
a legitimate scheme to cut your costs?
Published 12.12.2014
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
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
With the Budget announcement that there are to be higher tax charges for employees driving company cars and meaner deductions for the employers providing them, is now the time to slam the door on
these arrangements?
Published 05.04.2012
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
The tax rates for company cars up to 5 April 2021 have now been confirmed. There will be higher charges for low emission cars, but not for those with high emissions. How much might these changes cost
you?
Published 02.02.2017