.png)
.png)
NICK LLOYD puts some polish on the car benefit rules
KEY POINTS
- Is a company car beneficial bearing in mind the higher tax rates?
- Possible factors to consider regarding the choice.
- Might a low-price fuel-efficient car be best?
- Does the vehicle fall within the van definition?
- The benefits of a classic car.
We are all now familiar with emission-based benefit-in-kind rates for cars which were introduced as a means of encouraging company car drivers to take a lower emission car in order to cut the tax charge.
This incentive continues through a reduction in the lower threshold which will make a car with a particular emissions level increasingly expensive: between 2009/10 and 2012/13 the base threshold drops such that for a car with emissions of say 140g/km there will be a 3% increase in the benefit-in-kind charge.
For a...
Alternatively, you can register free of charge to read a limited amount of subscriber content per month.
Once you have registered, you will receive an email directing you back to read this item in full.
Please reach out to customer services at +44 (0) 330 161 1234 or 'customer.services@lexisnexis.co.uk' for further assistance.
