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    Corporation tax - Chargeable profits - Specific income and expense items - Expense items - Leased cars - 3575

    For agreements commencing on or after 1 April 2009 (6 April 2009 for income tax), where a car is leased for trade purposes and: - is registered on or after 1 March 2001; - has a CO2 emission...

    Company car tax calculator

    Company car tax calculatorThis calculator has two separate functions; one is a simple and quick way to work out the taxable benefit in kind for any company car and the other is a means to calculate the...

    Is there a tax advantage to leasing a car?

    When you’re financing new company cars, cost is usually a key factor. You’re weighing up making a straight purchase or leasing but the tax outcome varies for each. What is the difference...

    Are simplified motor expenses the best way to go?

    The option to claim tax deductions for vehicle expenses based on business mileage became law in July and can be used for 2013/14 onwards. However, not all businesses can use it and, even if yours can,...

    Could a “green” car policy mean “go” for tax saving?

    New rules for tax relief on leased cars apply from April 2009. Tax relief is now based on CO2 emissions rather than value. Could changing your leasing contract benefit your business?

    Who pays all the bills?

    A colleague has told you that he has ditched his company car and instead puts all his car bills through the business. How does this save tax? Is this something you could take advantage of?

    The leased price possible

    If you lease a company car you expect to get a tax deduction for the leasing charges. But if the retail price of the car is over £12,000 the Taxman uses a formula to restrict this deduction....