Usually, it takes decades for businesses to obtain tax relief for the full cost of a car. However, some automatically qualify for relief sooner, while for others you can take steps to legitimately
speed it up. How’s it done?
Published 29.05.2018
Tax relief for the cost of company cars can be allowed all in one year or take over 20 years. This makes a big difference to your cash flow. What types of car should you choose for the best results?
Published 20.04.2017
A colleague says that because the company’s financial year ends on March 31 you should defer the purchase of the directors’ new cars until after the Corporation Tax rates change in April 2010. He
reckons you’ll get more tax relief. Is he right?
Published 26.11.2009
If you’re mulling over the purchase of your new company car, it might not be just the make and model you need to think about. What tax consequences should you be considering?
Published 03.04.2012
One of our subscribers bought machinery for use in their business which needed repair. HMRC refused to accept the cost as a tax-deductible expense. Why, and how should you respond to a similar
challenge from the Taxman?
Published 09.04.2018
The tax rules on depreciation have recently changed. There’s now a 100% deduction for the cost of a company motorcycle. You may not fancy the idea of two wheels, but is there another way you can take
advantage?
Published 10.07.2009
When your company buys equipment it’s allowed to claim a tax deduction for the cost. But in some cases a director might be entitled to claim a greater tax deduction if they buy the equipment and let
the company use it. Is this a good idea?
Published 13.04.2010
Your company’s financial year is drawing to a close and your director’s loan account is in the red. This will trigger a tax bill, so your accountant advises taking a bonus to clear the debt. But how
should you calculate this and when should it be paid?
Published 07.12.2010
You’ve been looking forward to your holiday for ages, but a “can’t miss” business meeting now threatens to coincide. If you cancel or postpone your trip and your company picks up the bill for this,
where do you stand with the Taxman?
Published 17.07.2012
HMRC has updated its advice to reflect changes in the rules on how the Corporation Tax small profits rate and marginal rate relief apply to associated companies. What’s the best way to check whether
these changes affect your company?
Published 31.10.2011