Car fuel benefit tax is payable if your company provides you with all the fuel for your company car. We explain what the tax is; and how to avoid it - because it's likely you're paying more in tax than the benefit of the free fuel from your company
If your car is written off, the insurance payout will leave you out of pocket when you come to get a replacement. That's where GAP insurance comes in to fill the gap between the price paid and the market value of the car. It's also applicable to car leasing.
By Matt Morton|2019-09-04T11:12:08+01:00June 26th, 2018|
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 [...]
Company car tax tables are essential to help you work out the benefit in kind tax payable on your company car. Our tables show the percentage bands for 2018/19-2020/21 and include a downloadable pdf version for the first time