If you buy a car via your own limited company, there are several tax considerations to consider. Read our no-nonsense guide to work out the real cost.
At Kia, we know that keeping on top of your vehicle running costs, tax included, is essential to proper budgeting. So, we’ve compiled a comprehensive guide to vehicle tax rates and understanding what tax band your car is in. We also outline what changes you can make to reduce your car...
Since 2021, electric fleet vehicles have been subject to a 2% rate, and that will be the case until 2025, after which the rate will rise by 1% annually until 2028. Nevertheless, someone running an electric model as a fleet vehicle will pay thousands of pounds less in company car tax each...
For individuals, EVs also bring the benefit of cheaper running costs compared to petrol or diesel models. The improved economy of electric cars, along with the various other EV tax benefits, makes electric cars a more economical long-term choice. Benefit In Kind (BIK) Tax on Electric Cars ...
Company car tax, officially known as Benefit in Kind Tax (BiK), is calculated based on the P11D value of the vehicle, its CO2 tailpipe emissions and the employee’s income tax band. The BiK tax rate is set by HM Treasury and usually collected through your PAYE (pay-as-you-earn). ...
The Volvo XC60 DRIVe is ideal for company car drivers who want all the benefits of a comfortable, raised driving position, but like the idea of lower tax and fuel consumption benefits of two-wheel-drive.
Read the full-text online article and more details about "BMW's New 320d Pioneers Pounds 35 Car Tax Band" - The Journal (Newcastle, England), January 23, 2010
True, servicing costs should be reasonable, but the Tiguan R is unlikely to hold its value as well as premium rivals and, like them, it sits in the top band for company car tax. More positively, you get a lot of luxuries for your money. The standard equipment includes automatic headlight...
increasing efficiency even further. They typically have a start-stop system that turns off the petrol engine when the car is idle, conserving fuel. Hybrids are eligible for numerous incentives and tax cuts in several countries, potentially saving buyers money. Hybridcarsoffer an appealing combination...
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