Landmark case highlights the rules around commercial vehicles
Many business owners provide their employees with vehicles to help them perform their work duties. But with commercial vehicles attracting a lower level of tax than company cars, the vehicle must meet the criteria set out by HMRC. HMRC states that a commercial vehicle...
Does ‘Qualifying Car’ Always Mean ‘VAT Recoverable’?
The term ‘qualifying car’ is widely used and misunderstood. Car dealers may well tell potential buyers that it means you are able to reclaim the VAT. However, is that always the case? Generally, the input tax on the purchase of a motor car is blocked, unless the car...
No Company Car Tax on Zero Emission Vehicles in 2020/21
Company car tax rates increased in April 2019, as standard. However, the rates are set to fall from 6 April 2020 for cars with CO2 emissions of up to 69g/km. The Government has announced that in the 2020/21 tax year there will be no benefit in kind on company cars...
New Tax Year, New Tax Rules: Are You Up-To-Date?
The start of the new tax year brought significant changes to legislation. It is also P11D season: these need to be completed soon. Increasing minimum wage From April 2019, the National Minimum Wage (NMW) and the National Living Wage (NLW) rates increased. From 1 April...