Company Car

Personal Car or Company Car

Personal Car or Company Car?

Compares the tax implications of a personal and company car when used in an individual’s employment. Given the reliance on and impact of cars, special tax rules are in place to manage the environmental footprint of vehicles.   Going Green Policies such as road tax exemption on electric vehicles (EV) and increased business allowance for […]

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Tax Implications Where Employers Pay Above HMRC's Approved Mileage Rates

Tax Implications Where Employers Pay Above HMRC’s Approved Mileage Rates

According to the RAC, average fuel prices peaked a year ago at £1.91 per litre, since levelling off at the same price as ten years ago. However, HMRC’s approved mileage rates have remained static, not increasing since April 2011, when petrol was around £1.42 per litre. In the ten years since the last increase, fuel

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