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.
so you pay less income tax and National Insurance, and you get a shiny new company car. Bear in mind, though, that the car is still deemed to be a benefit by HMRC, so you'll still pay tax on it.
However, keep in mind that, again, you’ll have to pay tax on it, in addition to thecompany car taxyou’re already paying on the car you use privately. What about electricity forelectric carsor plug-in hybrids (PHEVs)? Well, if you can claim back the cost of charging up using a ...
As Europe's car makers make the switch to EVs to meet this burgeoning demand there is over 700GW of gigafactory capacity either in construction or planned to provide the batteries for these EVs. These gigafactories will require over 650,000 tonnes of locally refined lithium per year in the f...
any complex tax structures or engage in any aggressive tax planning or tax avoidance schemes. The deferred tax asset increased to £0.4m (2023: £0.1m) in the year, mainly due to the expectation that tax losses brought forward will be offset against future taxable profits (see note 8)....
Both are less than you would pay for most petrol or diesel-powered company cars. And if you choose an electric van, you’ll pay precisely nothing in company car tax or annual VED. Company car, van or pick-up truck – conclusion
· Diesel particulate filters can become clogged if the car is used only for short journeys Electric, hybrid, petrol or diesel – conclusion If there’s one thing that's abundantly clear in this ever-evolving world of company cars, it’s that the surest way to lower your tax bills is to...