Cars | AccountingWEB

Cars

We have just signed a new client from a large firm of contractor accountants.

He is a contractor with his own Ltd Company.

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Our MD is thinking about having a company car instead of his monthly car allowance. I've done the calculations and it does not look beneficial to him.

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Apologies if I may have missed any posting on this.

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To prevent me from going nuts, could other readers confirm whether or not the private use contributions towards the use of company cars is chargeable to Corporation Tax?

 

3

Can a company car benefit be shared between a husband and wife who are directors and shareholders of a small private company.

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We currently provide our Sales Reps with a Company Car and a Fuel Card, with all fuel paid for by the Company.

2

Client had a car as only asset, sole trade so we kept out pool and restricted allowwance by 1/3 private.

Car sold December 2013 but having trouble getting CA's right.

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Can PCP Car Finance (Personal Contract Purchase) apply to limited companies ?  If affirmative, can the company claim capital alloewances at 100%, 18% and 8% ?

3

I have my own Ltd Co and include travel expenses of 45p / mile (for first 10k miles) in my accounts.

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