What is car tax? Car tax , also called road or vehicle tax and officially known as Vehicle Excise Duty (VED), is an annual tax that nearly all drivers must pay to drive their car on a public road. Everything paid as Car tax goes into a central government fund, the Exchequer, which...
It is a legal requirement that all cars driven on the UK’s roads must be taxed. Check if your car is taxed quickly and easily with our FREE online report.
The business use of your car can be one of the largest tax deduction you can take to reduce your business income. This is a big, big deal. Why two “bigs”? Because your business income is used to calculate two taxes: your personal income tax and your se
If you use vehicles in your small business, how and when you deduct for the business use of those vehicles can have significant tax implications. It pays to learn the nuances of mileage deductions, buying versus leasing and depreciation of vehicles. Spec
How much money will I get back from my Vehicle Tax Refund? A car tax refund is calculated from the date DVLA gets your information. The amount is determined by how many months you have paid for in advance. It’s important to send your application as soon as you can, as delaying it ...
Tax liability is the amount an individual, business, or other entity is required to pay to a federal, state, or local government.
My Tax Disc Was 12 Days out of Date. So They Crushed My Car
Tax credits reduce your tax liability dollar for dollar, while tax deductions reduce your taxable income.
Tax My Gig does not provide tax, legal or accounting advice. This material has been prepared for informational purposes only, and is not intended to provide, and should not be relied on for, tax, legal or accounting advice. You should consult your own tax, legal and accounting advisors befo...
Did you know that you could save some money on your income tax by taking a car lease policy provided by your employer? Read this enlightening article.