Many SMEs are often unsure whether it’ll be more tax efficient to lease the car personally, or through their limited company. Choosing the wrong option could prove costly in terms of someone paying more tax than they need.
You might not want to make long term commitments to new vehicles due to the potential impact of political decisions such as higher VED charges and increases to benefit in kind (BIK) taxes.
The rule changes will initally affect only publicly quoted companies, but that's likely to change in time YOU might have seen the announcement of new car lease accounting rules last week. Should you be worried? The new lease accounting rules – which are currently being proposed by the the International Accounting Standards Board (IASB) – say that a [...]
Driving advice regarding the paperwork required for taking your car abroad to go skiing