Directory results

 
1 to 10 of 51 articles
  • Tips & Advice You & Your Business - Q&A - can I claim a mileage allowance?
    Q&A - can I claim a mileage allowance?..Q. I’m a director and co-owner of a company. I use my own car for business journeys for which the company pays me a mileage allowance at HMRC’s official rates. Last month my car was off the road for over three weeks for repair and the insurance company provided me with a courtesy car. Apart from fuel, the use of the car cost me nothing so can I still claim the mileage allowance? A. It’s up to your company to decide if it still pays you the allowance, but if it...
    Click here
  • 600+ Business Solutions - How tax efficient are electric company cars?
    Electrically powered cars are now not only environmentally friendly but practical too. Plus, there’s now a decent range to choose from with more on the way. But how do they stack up for tax purposes against their fossil fuel equivalents?
    Click here
  • 600+ Business Solutions - The tricky business of VAT and motor expenses
    When you buy a car, unless you use it 100% for business, you can’t reclaim any of the VAT paid on the purchase. However, more generous rules apply to the cost of motoring expenses, e.g. accessories, repairs, etc. What are they?
    Click here
  • 600+ Business Solutions - Share a company car with your partner
    You’ve had a company car for years. A friend has recently told you that you could have saved tax and NI if it been provided to your spouse instead of you as they paid tax at a lower rate. Are they correct and is it a tactic worthwhile considering now?
    Click here
  • 600+ Business Solutions - A DIY scheme to save tax and NI on company cars
    Whether a company car is essential for your job or simply a perk, stiff tax and NI charges can apply. The good news is that there’s a simple, legitimate but under-used scheme that can reduce the tax and NI payable.
    Click here
  • 600+ Business Solutions - Is it worth transferring ownership of a company car?
    Your company owns a car that’s a little long in the tooth for business use, but it would make an ideal runaround for one of the younger members of your family. What’s the most tax-efficient way to get the car out of the company?
    Click here
  • 600+ Business Solutions - Time to get rid of the company car?
    These days there’s a high tax and NI cost associated with a company car and it creeps up each year. If it’s more than a few years old it might be more tax efficient to transfer ownership to you. When is the right time to make the change?
    Click here
  • 600+ Business Solutions - Exemption for powering electric cars
    Exemption for powering electric cars..New guidance. In November 2018 HMRC changed its guidance regarding the exemption from a benefit in kind charge which applies where an employer pays for electricity which employees (including directors) use in a car for business journeys. The new guidance clarifies when the exemption applies. Exempt or not? The exemption covers the cost of electricity and charging facilities but doesn’t apply to the reimbursement or payment of an employee’s personal expenditure on charging...
    Click here
  • 600+ Business Solutions - The trouble with pool cars
    HMRC is known for challenging businesses that provide pool cars for employees. If it succeeds it’s not just your employees that face extra tax, your business will have to pay NI contributions too. What can you do to protect against this?
    Click here
  • 600+ Business Solutions - Better driving data
    Your accountant has suggested that your mileage records aren’t up to scratch. What are the most economical options for keeping these records and could it save you money?
    Click here
 
1 to 10 of 51 articles

Filter results

Resources

Dates