New Forest Ribbon
New Forest

11/06/2019

Some cars only qualify for 6% tax relief now

The latest Finance Act has reduced the tax writing down allowance for motor cars that emit more than 110 grams of CO2 from 8% to just 6% on a reducing balance basis from April 2019. For company cars the vehicle is included in the capital allowance “special rate” pool which means that even when the car is sold the proceeds are deducted from the pool and the 6% allowance continues until the balance is written off. It may be more advantageous to lease such a vehicle, but please check with us first.

For further information on company car tax relief, please contact Gary Brown on 023 8046 1240.

Latest Tweets

Even though it is still unclear, the UK will leave the EU at 11pm on 31 December 2020 and businesses need to be ready for changes in the way they trade with the EU http://ow.ly/76V450BR8Ze

It's been reported that ministers are considering halting plans to implement the planned national living wage (NLW) increase next Spring, as a result of the pandemic http://ow.ly/fEX450BR8Ge

Let’s Talk

Why not arrange a FREE consultation and find out what we can do for your business.