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Alfa

Don’t lose out to the taxman

The government has revealed three common mistakes that are costing companies and their drivers money.

First: not using the P11D price of a vehicle for tax purposes, but instead using the actual purchase price.

Second: many companies do not realise that new Euro IV diesels (since Jan 01 2006) no longer avoid the 3% tax levy imposed on those vehicles and still take off the amount when submitting returns.

Third: businesses are frequently using incorrect CO2 emissions to calculate drivers

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Ralph Morton is an award-winning journalist and editor of Business Car Manager. Ralph writes extensively about the car and van leasing industry as well as wider fleet and company car issues. A former editor of What Car?, Ralph is a vastly experienced writer and editor and has been writing about the automotive sector for over 35 years.

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