Guide to Company Car Tax, Cash Allowance and Salary Sacrifice
1:28
Guide to Company Car Tax, Cash Allowance and Salary Sacrifice
6 months ago
clm.co.uk
💡 Thinking of purchasing a car through your limited company? Here’s a breakdown of everything you need to know! 🚗 Petrol/Diesel Cars ❌ Generally, it’s not cost-effective. The personal tax (P11D benefit) you’d pay for using the company car typically outweighs the corporation tax savings, especially for vehicles with larger engines and higher CO2 emissions. 🚗 Electric Cars ✅ Usually a good option. You can claim 18% of the car’s cost per year as an ‘expense’ if the car is second hand or 100% in
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