HaesCooper logoHaesCooper logo

Supporting you and your business

company cars

Date: 4th May 2017 | Post by: HaesCooper | Category: Company Tax Updates & Information
Two new rules have been created to counter certain company car and van schemes that HMRC considers unfair tax avoidance. When will they take effect and what action should you be taking before then? Changing the rules to suit During the last couple of years tribunals have disagreed with HMRC's interpretation of the rules on...
Date: 20th April 2017 | Post by: HaesCooper | Category: Company Tax Updates & Information, Personal Tax Updates & Information
Pump prices are down; in fact, fuel is cheaper than it was in 2011. Despite this, the tax charge where your business pays for fuel that you use for private journeys in a company car has steadily increased. Can it ever be tax efficient? Taxable perks A good job-related perk or, as HMRC calls it, a benefit in kind (BiK) can...
Date: 20th April 2017 | Post by: HaesCooper | Category: Company Tax Updates & Information, HMRC Updates
Revised rates. HMRC has updated its advisory fuel rates (AFRs) for company cars. These apply from 1 June 2014, but you can continue to use the previous rates until 30 June 2014. Private journeys. AFRs can be used to avoid potential tax charges that can arise where: your business pays for fuel put into a company car or van...