Home/Company car tax/Company car tax allowances

Here you’ll find all the rates and company car allowances for company car and business car leasing, the capital allowances for company car, business mileage rates for company cars and using a private car on business, plus the VAT fuel allowances.

Lease rental restrictions

By |2018-04-17T15:19:38+01:00April 17th, 2018|Company car tax, Company car tax allowances, Contract Hire, Contract hire and leasing|

IF you contract hire your business cars, then those business car lease rentals are an allowable expense against income tax or the firm’s corporation tax. However, certain lease rental restrictions apply, depending on your car’s CO2 exhaust emissions. New lease rental restriction bands from April 2018 If your car has CO2 emissions of 110g/km or less, 100% of the lease [...]

I’m self-employed: what’s the most tax-efficient way to run my business car?

By |2017-07-19T14:30:56+01:00March 20th, 2017|Company car tax allowances|

Optician needs advice on self-employed tax position and business cars I'M a self employed optician and I work between two practices so I clock up around 900 miles a month for work and probably 25-50 miles for personal use if that. Most of my driving is town driving (not in central London) and about 100 is motorway. My current car [...]

Capital and lease rental allowances on company cars to change from 2018

By |2018-04-17T15:16:58+01:00March 17th, 2016|Company car tax, Company car tax allowances, News|

CAPITAL and lease rental allowances on company cars are to change from 2018, with reduced thresholds as the government continues its drive for clean air with vehicle taxation and incentives encouraging zero and low CO2 emissions. For limited companies the changes announced in the March Budget 2016 to reflect falling new vehicle emissions come into effect on April 1, 2018, and for sole traders [...]

Tax: key points of the Budget 2007

By |2017-11-20T12:12:39+00:00March 22nd, 2007|Company car tax, Company car tax allowances|

Biofuel Saab - qualifies for 2% discount   The Chancellor has signified that he wants business motoring to have a reduced environmental impact. The broad thrust was to impact on business car costs for those vehicles with higher emissions; and reduce business car costs for those with lower emissions. The key points to consider are these: Vehicle Excise Duty (for [...]

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