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    Income tax - Employment income - Expenses and benefits - II. Benefits in kind - Taxable benefits - Vehicles - 27640

    Many companies provide their employees with a vehicle in the form of a car or van. Where fuel is also provided by the employer, this comprises a benefit too.

    Sharing the company car tax efficiently

    Your company provides a car which you and your other half share. Naturally, there’s tax to pay on this benefit in kind but how can you arrange it so that it’s charged at the lowest possible...

    Vehicle excise duty (VED)

    Vehicle excise duty (VED)Registered before March 2001From 1 April 2018From 1 April 2019From 1 April 20201,549cc and below£155£160£165above 1,549cc£255£265£270Graduated VED...

    Vehicle excise duty (VED)

    Vehicle excise duty (VED)Registered before March 2001From 1 April 2018From 1 April 2019From 1 April 20201,549cc and below£155£160£165above 1,549cc£255£265£270Graduated VED...

    New reporting procedure for cars

    New tax rates for zero and low emission company cars mean that from 6 April 2020 employers must provide more information to HMRC. What do you need to know?

    company car lump sum contribution agreement

    Company car lump sum contribution agreementIf you wish an employee to contribute towards the purchase price of a company car, it's a good idea to formalise the arrangement. This will reduce the taxable...

    memo: invoices for motor expenses

    Memo: invoices for motor expensesHow expenses are controlled is always at the top of HMRC's list of questions during a compliance visit. Using our memo should help you to dismiss enquiries about motor...

    cars and car allowances policy

    Cars and car allowances policyIf you provide your employees with a car you can use a policy to set the detailed terms and conditions of its use. However, you must now provide the key information relating...

    employee pool car agreement

    Employee pool car agreementBanning private use is essential for a car to be considered a pool car by HMRC. A verbal ban may work but it's more sensible to require the employee to sign an agreement that...

    company car running costs contribution agreement

    Company car running cost contribution agreementIf an employee or director makes a monthly contribution towards the company car, this can reduce the taxable benefit providing it can be shown that...