Cars Archives

New Rules on Capital Allowances and Cars

The tax treatment of cars under the capital allowances system changed with effect from 1 April 2018. The new rules are likely to have a significant impact on many businesses. Here we consider the changes in more detail. ‘Capital allowances’ is the term used to...

Do You Want To Get Maximum Tax Relief For Your Vehicles?

Advice, Business Support, HMRC, Tax

There is a significant difference, for tax purposes, in vehicles classed as cars by HMRC and those classed as commercial vehicles. Cars with CO2 emissions of 95 or less will attract a 100% write off in the first year, but most will only receive capital allowances of...

Would you like the Tax Man to pay the deposit on your New Car!

Company Cars, Tax

Many people when choosing their next car don’t know that if you buy a new car before the end of March 2013 then HMRC could pay the deposit. If your operating a business and are looking at purchasing a vehicle with a CO2 emission below 110g/km then you will be...

Think Bike!

Tax

Would you consider the use of a motorcycle in your business? In recent years, the capital allowances available on cars have been increasingly restricted based on the CO2 emissions in order to encourage business owners to consider more environmentally friendly options...