Claiming VAT on cars is the title of this week’s video. So if you’re buying a car, it can be difficult to know what the rules are around VAT. Moreover, can you reclaim the VAT ? Above all are you struggling to recover VAT on your car purchase? If you’re like most...
Want to learn about understanding company cars and tax? Then read on! Firstly a common question I get asked by clients is about company cars and tax. Secondly, I love to help so let me share an overview. Above all, company cars are a benefit in kind because they are...
Buying your car through your business can be a smart tax planning decision, but it can also create company car tax, National Insurance and benefit-in-kind issues. If your limited company buys a car and you use it personally, the tax position depends on the car’s list...
Company cars: Are low emissions cars tax efficient? First of all significant changes are being made from 2020-21 to the company car tax benefits-in-kind bands affecting ultra-low emission vehicles (ULEVs). The taxable benefit arising on a car is calculated using the car’s full manufacturer’s published UK list price. It includes the full value of […]