That BIK is added to your (gross) professional income and is a benefit you need to pay tax for. Want to calculate the BIK of your company vehicle? Give our calculator a go! How is the BIK calculated? The BIK is calculated based on 4 values: the catalogue price of the vehicle the...
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.
Electric Vehicle myths busted by Kia 24th February 2020 Kia Business An electric car could massively reduce your running costs, but is it right for you? To help you make an informed choice, we’ve dispelled some of the most common EV myths. Explore More How to make the switch to an...
Electric Vehicle myths busted by Kia 24th February 2020 Kia Business An electric car could massively reduce your running costs, but is it right for you? To help you make an informed choice, we’ve dispelled some of the most common EV myths. Explore More How to make the switch to an...
Read more: Is it worth getting a company car? The BIK costs of a company van or pick-up truck Tax on a company van or pick-up is comparatively straightforward, because if a vehicle is classed as either of these, it is subject to a flat rate of tax of £3,960 per year. ...
And are Land Rovers a practical company vehicle? In this article, we will answer all these questions. First, you'll want to calculate the tax applied to your desired Land Rover model and spec level. You'll find that Land Rover have produced their own car tax calculator, which is available...
Assess your needs for a new vehicle and look at your budget to determine how much you can afford without overextending your business financially. Consider any taxes and fees you may need to pay for the car and any other costs to maintain it. Ourcar loan payment calculatorcan help you deter...
Rules in 2016 still rule out many PSCs from a popular way to reduce their PAYE tax bill. Contractors' Questions: How to buy an electric vehicle through my limited company? Act with speed to put a green car on your company, as today’s incentives may peter out. A contractor's guide to...
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