C

    Corporation tax - Capital allowances - Plant and machinery - II. Pools - Allowances available - First year allowances - Cars with low carbon dioxide emissions - 4680

    Unused (not second-hand) cars (¶4585), including Hackney carriages, with low carbon dioxide (CO2) emissions, or propelled by means of electricity, qualify for FYA. To qualify as having low CO2 emissions,...

    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...

    Coronavirus measures and other Budget announcements

    The Budget in mid-March 2020 has been completely overshadowed by coronavirus. Nevertheless, most of the changes announced in it will go ahead as planned. How might some of these affect you and...

    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...

    Are there tax advantages to plug-in cars?

    You’re considering going green with your next company car to take advantage of the government’s grant for plug-in vehicles. But how will it affect your and your company’s tax position?

    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...

    Choosing the right car (for capital allowances)

    The rate of capital allowances (CAs) you can claim for cars used in your business varies between 8% per year to 100% of their cost. That can make a big difference to your tax bill. What steps...

    FYA for low emission cars extended

    FYA for low emission cars extended.. Cars don’t qualify for the annual investment allowance, but for a number of years it has been possible to claim a 100% first year allowance (FYA) on low...