Company cars: What no tax relief?
Posted by Rebecca Benneyworth in Finances on Tue, 26/05/2009 - 11:48
Businesses don’t seem to have picked up on the changes to capital allowances on cars and how they will change the tax position for the worse for cars bought from April 2009 onwards. Many businesses still use a 'road warrior' who may be sales oriented, travelling at least a thousand miles a week by car between appointments, making several visits each working day, and for these employees the car will normally be provided by the company, as alternatives such as leasing or personal ownership are not cost effective. For companies that depend on a car, as opposed to a van, the tax system now uniquely discriminates against them, denying tax relief on essential business expenditure.
To read the rest of the article you'll need to log in below
If you've forgotten your details click here for a reminder.
If you haven't got an account, it's free to set up and only takes a minute,
click here to register



We've got lots of free books to give away; all you've got to do is review them!
We're putting together a list of business owners' must-haves.