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company cars
Budget 2013 – Benefits
Tax Relief on ‘Interventions’ As we have reported before, a new Health and Work Assessment and Advisory Service is to be set up to support employees returning to the workplace after a period of sickness. This Service may recommend treatments (interventions) which, if paid by the employer, would normally constitute a benefit-in-kind on the employee. [...]
Company Cars and Vans
Company Cars The Autumn Statement says at point 2.92 that Government is considering whether it should provide time-limited incentives to encourage companies to purchase and develop ultra-low CO2 emission vehicles. Further details will be provided at Budget 2013 following consultation with car manufacturers and motoring groups. Car Fuel Benefit HMRC’s guide to the rates and [...]
Budget 2012 – Benefits
Company Car Tax Rates Budget 2012 saw the Government confirming its intention to follow successive Budgets and impose higher taxes on the more polluting cars. This has had the desired effect of ensuring that cars are now manufactured as more fuel-efficient. There were a number of changes: 2011/12 The Chancellor confirmed his intention to exclude [...]
Cars and Vans – Budget Update
Employer provided cars There are quite a few changes in the taxation of employer provided cars and the fuel benefit which applies if an employee does not pay for all of their private motoring. The car benefit charge incurred by employees who have an employer provided car is based on the list price of the [...]
Company Cars – Security Features Not to be Regarded as Accessories
Effective 06 April 2011, where a company car was made available for private use, the £80,000.00 cap was removed for benefit calculations – i.e. the list price plus accessories is no longer capped at £80,000.00. This will impact our P11D reporting for the tax year 2011/12 in July 2012. However, the term accessories made no [...]
HMRC Advisory Fuel Rates for Company Cars
HMRC routinely reviews the published Advisory Fuel Rates every three months. The current rates, effective from 1 December 2011, are added to the table below. With the exception of one of the LPG rates, there are no changes to rates that applied from September 2011. Employers may choose to: implement the new rates immediately, or [...]
HMRC Advisory Fuel Rates for Company Cars
HMRC routinely reviews the published Advisory Fuel Rates every three months. The current rates, effective from 1 December 2011, are added to the table below. With the exception of one of the LPG rates, there are no changes to rates that applied from September 2011. Employers may choose to: implement the new rates immediately, or [...]
Advisory mileage rates for company cars
HMRC routinely reviews the published advisory fuel rates every three months and the current rates, effective from 1 September 2011, are added to the Table below. With the exception of one of the LPG rates, there are no changes to rates that applied from June 2011. Employers may choose to: implement the new rates immediately [...]
Budget – Company cars and vans
Appropriate percentage: For 2011/12, the appropriate percentages for company petrol cars range from 15% to 35% for emission ratings of 125 to 225 g/km. For 2012/13, the range, as already announced, will widen to between 11% and 35% for emission ratings of 100 to 220 g/km, with a fixed 10% for emission ratings below 100 [...]
