Company Cars, Tax
There are many factors which will influence your choice of company car. These can include the distance you travel, terrain covered, the price, your lifestyle and perhaps even your clients. However, is tax ever a consideration? The start of the tax year saw an increase...
Tax
As of 6 April 2016 the tax payable on overdrawn director’s loan accounts increased from a rate of 25% to 32.5%. A director’s loan occurs when a director or participator takes money from the company which is not a salary, a dividend nor an expense repayment. Reversely,...Tax
In recent years the government has changed the way that company cars are taxed. They have been trying to encourage more people to be environmentally friendly. Consequently, the higher a car’s CO2 emissions, the higher your tax bill on the benefit in kind, and...Tax
The way company cars are taxed has changed quite significantly over the years, with the rules now concentrating on CO2 emissions instead of the list price. The government is trying to encourage more people to be environmentally friendly and consequently the higher the... This website uses cookies to improve your experience. We'll assume you're ok with this, but you can opt-out if you wish. Cookie settingsACCEPT Privacy & Cookies Policy