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Company Car Tax Allowances
Hybrids look hotter as company car tax changes start to bite
Changes in capital allowances and the company car tax escalator are both making hybrids look more attractive company car options.
The Budget: Capital allowances on low emissions cars extended to 2018
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…
Company car tax tables for tax years 2013/14 to 2016/17
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…
Make the most of your tax allowances before April
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…
Radical change to 2013 writing down allowances
Improvements to CO2 emissions mean that the government is losing money on writing down allowances. It plans to fix that from April – so you need to act now.
Company car tax tables for tax years 2012/13 to 2014/15
Author: Ralph MortonKey changes in the 2012 Budget were: Rates announced up to 2017Highest rate increased to 37% from April 2014Special rates for ultra low and zero emission cars withdrawn with lowest rate increased to 13% in April 2015 and 15% in April 20163% diesel supplement goes in 2016If you want to know how much… Read more…
Updated company car mileage rates
HMRC has announced new company car business mileage rates – the Advisory Fuel Rates – that can be used from the beginning of December 2012
Company car drivers hit by new business mileage rates
Rising fuel costs outstrip Advisory Fuel Rates
NEW HMRC Advisory Fuel Rates for company cars from September do drivers no favoursEditor Ralph Morton reports
Car leasing v car purchase
Report: RALPH MORTON How’s your company’s finances? Running an SME business really isn’t easy at the moment. And all those government initiatives to help finance small businesses via the banks. Well. Have you been successful in securing any? Quite. Anyway, back to my original question How’s your company’s finances? Tick one of the following. Healthy… Read more…
HMRC is gunning for business mileage claims – be very afraid
HMRC to crack down on business mileage
SMEs have been identified by the taxman as a soft target for business mileage claims. If you pay employees business mileage, you need to know about this.
Story: Richard Davies
VW Golf GTi car review – make way for the definitive hot hatch
More SMEs choose business car leasing
New car lease accounting rules – will they affect you?
Prestige car values – what’s hot and what’s not?
Hybrids must clean up their act on mpg claims
Driver assessment and training needn’t break the bank