Tax and the Company Car

Posted by Kath Docherty on January 19, 2017  /   Posted in Cars, Employers

One of the most frequently asked questions we receive is in relation to the use of cars for business purposes and how this will affect the tax liability.

Here, we will look at the various options available for business owners when it comes to work transport.

The current system of tax relief and benefits in kind are all linked to the CO2 emission of the car. There are a number of initiatives now underway to reduce emissions from vehicles. Thinktank Policy Exchange have reported that 70% of nitrogen dioxide emissions in London are caused by diesel cars and vans.

The tax system has long been used to incentive behaviour. With air pollution and congestion becoming key issues within London and other major cities, the government has put in place a system which encourages company car buyers towards efficient green vehicles.

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That’s entertainment !

Posted by Kath Docherty on November 25, 2014  /   Posted in Employers, Tax returns

What is entertainment?

Business entertainment includes hospitality which is provided free of charge to the recipient.

In general, no form of business entertainment is allowable for tax purposes regardless of whether you personally think there is a purpose specifically related to your business UNLESS you are entertaining employees for the purpose of reward and motivation.

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The Bribery Act – are you ready?

Posted by Kath Docherty on September 26, 2011  /   Posted in Employers

The long awaited and delayed Bribery Act came into force on the 1st July 2011.  It covers all companies with a presence in the UK.

In this news article, we look at the key provisions of the Act and what you need to do to ensure you are compliant.

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