C

    Corporation tax - Capital allowances - Plant and machinery - II. Pools - Special rate pool - Cars with emissions of over 110g/km - 4585

    Where a car registered on or after 1 March 2001 has an EC certificate of conformity (or UK approval certificate) showing a CO2 emission level of over 110g/km, it is termed a special rate car...

    Cars and vans - tax treatment at a glance - Tax deductions for costs

    Tax deductions for costsBusinesses can claim a tax deduction for all running costs they incur in providing a company vehicle including those relating to private use. However, special rules apply...

    Appendices - Appendix D - Capital allowances for company cars

    Appendix D - Capital allowances for company carsNormally when your business buys an asset, such as a car or van (unless it has zero or very low CO2 emissions), which qualifies for capital allowances...

    Business taxes - Capital allowances - Low and zero emission cars

    Low and zero emission carsThe Budget proposed changes to the capital allowances (CAs) which businesses can claim for cars. From 1 April 2021 for companies (6 April 2021 for businesses which...

    7. Cars - What are the special rules for cars? - Rate of CAs

    Rate of CAsThe AIA isn’t available in respect of any vehicle that counts as a car for tax purposes and the expenditure will normally be allocated to either the normal plant and equipment pool...

    Will new CO2 ratings affect car-related taxes?

    From 6 April 2020 cars will have their CO2 emissions based on new more realistic levels. HMRC has already announced new scale charges for company cars but how will the new CO2 ratings affect...

    Business cars - maximising the tax relief

    Special rules apply to capital allowance tax deductions for cars, which are far less generous than for other types of machinery or equipment used in your business. The good news is that there...

    100% capital allowances extended for green cars

    In his 2016 Budget the Chancellor announced that the capital allowances (CA) tax break for low emission company cars will continue, but subject to tougher limitations. How should you plan your vehicle...

    Changes ahead for CAs on company cars

    Next April will see two changes to the CO2 bands which determine the rate of capital allowances (CAs) you can claim for the cost of company cars. What are these and are they really worth worrying about?

    Company cars - time to think again?

    At one time the government’s intention was to tax company cars out of existence. These days it’s a little more enlightened, even offering extra tax relief in some cases. This begs the question:...