For years, company cars were just an unpleasant thing in taxes for companies. And over the last few years, with electric cars coming to be more use. And some of the allowances and company cars in related to their carbon emissions. Company cars have taken on a new lease of life.
And something… of course I’ve always had company cars cause they don’t really care that the company pays. Other people that wanted to keep tax down to the minimum. And so they have cars in their personal names. But now we got these low emission cars. It is possible to have a company car and get the company to pay and get 100% writing down allowance.
So if you are getting a low emission call or already electric tower or one of these hybrids, remember there is still time to get some allowances if you’re buying a car in the next month or so. Maybe accelerate the decision and get it in before the 5th of April or even before budget day in case he changes the rules of budget day.
But that is my little tip for today on the pre-budget workshop. I’m looking to, you know, help lead you to things that may change in the budget on the 11th of March. So please bear that in mind and to do your planning accordingly. Speak to your professional advisor that was spoken about.
Electric cars right now and you’re thinking about buying your car. Then please speak to them about. If you’re reclined to mine, then of course you already know. But if you don’t, then you know it here.
And again, so take care and I’ll speak to say all the best.
Goodbye.
