If a motor car is made available for private use to a director or an employee earning £8,500 per annum or more, by virtue of their employment, a charge to taxation arises which is typically linked to the CO2 emissions and list price of that car. There is also a further tax charge if free or subsidised fuel is provided for private use in a company car.
We have access to company car and car fuel benefit calculators to help guide an employer’s policy on both capital investment and company car provision.
Please contact us and ask for additional information on any of the following topics:
- Company car tax
- Pooled cars and vans
- Car or van?
- Capital allowances
- Tax free mileage allowances
- Advisory fuel rates