Article Database - Topic: 'Cars' - Keyword: 'Benefits-in-kind'

 
New reporting procedure for cars Publication date: 03.03.2020
Article database » Cars » Benefits-in-kind
New tax rates for zero and low emission company cars mean that from 6 April 2020 employers must provide more information to HMRC. What do you need to know?
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What’s new with company cars in 2020 Publication date: 16.10.2019
Article database » Cars » Benefits-in-kind
If you have use of a company car for private travel you’ll have to pay tax for the privilege. Plus, there’s a further tax bill if the business pays for your fuel for private journeys. What’s changing with these tax charges in April 2020?
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New category for P46 (car) Publication date: 22.05.2019
Article database » Cars » Benefits-in-kind
New category for P46 (car)..Employers take note. HMRC has added a new fuel type on Form P46 (car) : “fuel type F” for diesel cars meeting Euro standard 6d”. This covers Euro status 6AJ, 6AK, 6AL, 6AM, 6AN, 6AO, 6AP, 6AQ or 6AR (see The next step ). Vehicles in category 6d aren’t subject to the 4% supplementary rate of taxable car benefit which...
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New tax regime for company cars? Publication date: 22.01.2019
Article database » Cars » Benefits-in-kind
To start the new year the government has launched a review of vehicle taxes linked to CO2 emissions. Rumours are that official emissions levels will rise. How might this affect your choice of company car?
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Salary sacrifice tax to rise for some company cars Publication date: 03.09.2018
Article database » Benefits » Cars
HMRC recently announced that it had spotted two mistakes in the relatively new rules for salary sacrifice arrangements involving cars and vans. It’s published draft legislation to correct the errors. How and when will they take effect?
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How to make company car purchases cost effective Publication date: 03.05.2018
Article database » Cars » Benefits-in-kind
Tax and NI charges can make company cars expensive. However, if you use your business to run a car for a family member, say a son or daughter, there are steps you can take to make it cheaper than personal ownership. What are they?
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Was it really a low-key Budget? Publication date: 08.12.2017
Article database » Benefits » Cars
The pre-Budget rumours didn’t come to much in the end; however, the Chancellor announced a few interesting changes. How might they affect you or your business?
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Less tax on optional car benefit Publication date: 27.11.2017
Article database » Cars » Benefits-in-kind
HMRC has changed its view on how you work out the taxable amount where an employee sacrifices pay for a company car. As an employer what do you need to know?
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Changes to benefits reporting Publication date: 10.11.2017
Article database » Cars » Benefits-in-kind
HMRC is making changes to two key forms used for reporting benefits in kind. What’s the reason for this and how might it affect you as an employer?
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When does a van become a car? Publication date: 10.11.2017
Article database » Cars » Benefits-in-kind
In September 2017 the First-tier Tribunal ruled on whether modifications made to three vans, which were available to employees for private use, resulted in them becoming cars for tax purposes. What was the outcome?
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Last updated: 10.08.2020
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