Company Car Vs Car Allowance – Which Is Right For You?When it comes to company cars, there’s far more choice than there used to be. Alongside choosing the size and colour of your vehicle, you now also need to think about whether you want to go electric. Businesses are also sometimes...
Is your business helping you get a new car but you're not sure whether to take a car allowance or a company car? Our guide can help!
Different Ways to Administer a Company Car Allowance There are a variety of ways to do company car allowance programs. Many small business owners offer a flat monthly payment to cover vehicle expenses. With any allowance, it’s important to calculate the appropriate monthly payment. For instance,...
There you are, admiring your shiny new fleet car. The boss hands you the keys, so you head off, assuming that you can use it for all types of journeys – business and personal. In the vast majority of cases, you can. The law places no restrictions on how you use yourcompany car. ...
Company car vs allowanceExamines the tax implications of having a company car or a car allowance in South Africa. Factors to consider when choosing car allowance amount; Tax costs of having a car allowance or a company car; Assumptions made under a ...
Capital Allowance Benefits Explained 11th October 2024 We explore the benefits of Capital Allowances and how they make electric vehicles economical for companies. Explore More What are the Tax Benefits of Leasing an Electric Car? 11th October 2024 What tax benefits do electric car lease deal...
Capital Allowance Benefits Explained 11th October 2024 We explore the benefits of Capital Allowances and how they make electric vehicles economical for companies. Explore More What are the Tax Benefits of Leasing an Electric Car? 11th October 2024 What tax benefits do electric car lease deal...
Volvo XC60 DRIVe falls below the all-important 160g/km Writing Down Allowance threshold and offers up to 47.1 mpg Standard City Safety technology helps drivers to avoid low-speed collisions - keeping repair bills to a minimum The Volvo XC60 DRIVe is ideal for company car drivers who want all...
Company car allowance limits setMichael McAleerMotoring editor
The capital cost of buying the vehicle is offset against your Corporation Tax bill via capital allowances.As this is spread over the life of the vehicle, you pay lesscompany tax overall. You can’t normally reclaim the VAT element on a new car purchase, but you can reclaim the VAT on ...