Tax and Your Company Car

Tax and Your Company Car

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...
100% First Year Allowances on Low Emission Cars Extended

100% First Year Allowances on Low Emission Cars Extended

Up until 31 March 2015 it was possible for businesses to claim up to 100% of the cost of cars purchased for use in the business if they had CO2 emissions of 95g/km or less. This is known as first year allowances (FYA) and HMRC have extended the deadline for claiming...

A Tax Efficient Company Car

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

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

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...