Choose the right car for your businessDecember 1, 2015 // No Comments
Did you know, that choosing the right car for your business could mean a big difference with your tax bill?
Your business can claim against its profits, depending on your choice of company cars. Simply, the rate of Capital Allowances (CA) for cars depends on the CO2 emissions. If you buy a combi van or car-derived van, which basically has the comfort of a car but the functionality of a van, it has dual function which means that they are classed as vans and therefore not caught by the CA rules for cars. It’s worth checking with the HMRC who have a list of vehicles that fall into this category and ensure your accountant guides you when you are thinking of changing your vehicles.