Hi
Just wondering if anybody can clear up the situation with Company Car Leasing/Hire being put down as business expenses.
company car
Two new percentage bands for company cars with low C02 emissions will be published in the Finance Bill 2013 on 28 March.
Tax on company cars hasn’t changed a lot in recent years, apart from changes in emission thresholds and HMRC now reviewing mileage rates quarterly.
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Concerns about our environment have given the government cause to increase tax on company cars with the aim of reducing pollution through reducing business miles, writes CIPP'S senior policy li
A recent tribunal confirming HMRC’s increasingly hard line on directors who benefit from company assets could put a brake on company cars provided by partnerships, warns Lesley Stalker
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With the opportunity to provide a cost neutral employee benefit, it’s no surprise that salary sacrifice has become an increasingly popular option for many businesses, especially as a way of fun
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Facts:
Client bought a car using company’s funds.
Car is registered to director personally.
Car is genuinely used in business to travel to client’s sites.
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I am the bookkeeper of a small family run business. We have 4 employees, of which 2 are directors. We pay a company that does our sales work for us, on a commission basis.
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This may be a straightforward qustion for some of you but after looking around on the web I can't seem to find an answer.
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