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Tax

The amount of company car tax you pay is determined by the CO2 emissions of your chosen business car and its price. Together they give you a benefit in kind value to work out your final tax rate. But that’s not the only business car tax you pay. In this section we cover capital allowances, fuel tax, VAT road fuel scale charges and any other motoring tax that affects business motoring.

London Congestion ChargeCongestion charge exemption change will hit businesses from July 1

Story: Richard Ingram | Posted 26 April 2013

TRANSPORT for London (TfL) has confirmed that exemption from the London Congestion Charge will drop from 100g/km to 75g/km from 1 July 2013 – despite public backlash. Until now, any car emitting less than 100g/km of CO2 – including the Fiat 500 TwinAir, BMW 116ED EfficientDynamics and Toyota Prius hybrid – were exempt from the… Read more…

Toyota Auris HybridHybrids look hotter as company car tax changes start to bite

Story: Richard Ingram | Posted 25 March 2013

Changes in capital allowances and the company car tax escalator are both making hybrids look more attractive company car options.

Fuel scale chargeThe Budget 2013: Fuel scale charge to increase

Story: Robin Mackonochie | Posted 25 March 2013

THE Chancellor announced in his Budget that the Fuel Scale Charge for 2014/15 would increase by the rate of inflation (RPI scale) for September 2013. The Fuel Scale Charge itself rises from April 06, 2013, from £20,200 to £21,100 – making it even more expensive for company car drivers to take ‘free fuel’. The Fuel… Read more…

E-Type JaguarThe Budget 2013: SORN lasts for ever!

Story: Robin Mackonochie | Posted 25 March 2013

IF YOU have a vehicle that is going to be off the road for a significant period and you do not want to pay the Vehicle Excise Duty (VED) then you must send a Statutory Off Road Notification (SORN) to the DVLA. Failure to do so will incur an automatic £80 fine and you will… Read more…

Mercedes CLAThe Budget 2013: VED increases – and a warning

Story: Robin Mackonochie | Posted 22 March 2013

VEHICLE Excise Duty (VED), or road tax as most of us still call it, will increase in line with inflation from 1 April 2013. The increases across the 13 bands range from zero for bands A-C, £5 for bands D-I, £10 for bands J and K and £15 for bands L and M. The first… Read more…

Volvo_V60The Budget: Capital allowances on low emissions cars extended to 2018

Story: Robin Mackonochie | Posted 21 March 2013

THE Chancellor announced in his Budget that first year allowances (FYA) for ultra low emission vehicles (ULVs) will be extended until 31 March 2018. The current allowance had been due to terminate on 31 March 2015. The Chancellor is hoping to improve the current tenuous take up of such vehicles. But, from 1 April 2013… Read more…

Jaguar XRF-SThe Budget: company car tax changes – diesel levy to go

Story: Robin Mackonochie | Posted 20 March 2013

IN the Budget the Chancellor announced new emissions bands for company car tax for ultra low emission vehicles and confirmed the 3% diesel levy is coming off the company car tax menu. These ultra low emission company cars cover the 0g/km, 1-50g/km and 51-75g/km tax bands. The current 3% additional levy on diesel engined cars… Read more…

Fuel dutyThe Budget: 3p fuel duty rise scrapped – and a good day for beer drinkers

Story: Robin Mackonochie | Posted 20 March 2013

THERE are cautious signs of welcome news for SMEs in the Chancellor’s 2013 Budget. First, he’s scrapped the planned fuel duty rise in September. The fuel duty rise was originally scheduled for April this year and was then postponed to September; now it’s been scrapped altogether. Chief Executive, Phil Orford, of the Forum of Private… Read more…

Businesswoman working at company car benefit in kind with a company car tax tableCompany car tax tables for tax years 2013/14 to 2016/17

Story: Ralph Morton | Posted 20 March 2013

IF you want to know the company car tax banding of your next company car, then use our company car tax tables to help you. The company car tax table shows the CO2 emissions band groupings in the left hand column. To the right are the benefit in kind percentages that are applied to the… Read more…

964_Business_Woman_Considering_new_Car_cropMake the most of your tax allowances before April

Story: Ralph Morton | Posted 13 March 2013

IF you’re thinking of changing your car, now’s the time to do it. And take advantage of more generous tax allowances before the April tax changes. The savings can be impressive. If you run your own business, and buy a car that has CO2 emissions below 110g/km you can claim 100% first year allowances –as… Read more…