­

What’s the trouble with fuel for company cars?

If your business provides company cars you need to take extra care in accounting for the cost of fuel. Get it wrong and your business and the driver will be hit with hefty tax and NI bills. What’s the problem and how can you avoid it?

Who’s paying the fuel bill?

As fuel prices fluctuate, keeping track can be a headache, yet […]

By |January 18th, 2016|Business Tax, Company Car, Tax|0 Comments

Should your next company car be a van?

While the tax advantage of having a certain type of company van as a perk has reduced slightly, they remain tax efficient. But how do the tax charges compare to those for company cars?

Van or car?

You probably already know that manufacturers produce vehicles that cross the refinements of a car with the practical functions of […]

By |January 15th, 2016|Company Car|0 Comments

What’s new with 2016/17 tax codes?

HMRC is working out 2016/17 tax codes ready for issue in early 2016. Changes to dividend and other investment income tax rates, plus a new system for taxing benefits might mean radical changes to your code. What’s the full story?

The right code

The amount of tax you pay on your salary etc. depends on your code […]

By |January 15th, 2016|Business Tax, Company Car, Personal Tax, Property Tax, Tax|0 Comments

Stamp duty land tax

This week I have had several conversations again this week with clients on this subject following the autumn statement.  So I thought it would be usefull to share some information on it.

This article is a useful one which helps explain the new second home / landlord 3% stamp duty.

http://news.rla.org.uk/stamp-duty-land-tax-how-will-the-hike-affect-me/

If you have any questions about your […]

By |December 4th, 2015|Business Tax, Company Car, Personal Tax, Property Tax, Tax|0 Comments

AUTUMN STATEMENT 25 NOV 15

HIGHLIGHTS

In the first combined Spending Review and Autumn Statement since 2007, the Chancellor’s emphasis was on expenditure. He nevertheless made a range of tax-related announcements, the main ones being:

Stamp duty land tax (SDLT) From 1 April 2016 SDLT rates will be increased by 3% for the purchasers of buy-to-let and second homes. From April 2019, […]

Have you got the right company car?

This is question many company directors ask themselves. At Best accountancy we have been asked this many times over.  It is a bit of a minefield area, however, the tax savings are really very significant and well and truly worth investigating.  On some vehicles in fact you can get double tax relief.  If you re […]

By |November 4th, 2015|Business Tax, Company Car, Personal Tax, Tax|0 Comments