Originally posted by SimonMac
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Leasing A Car
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Practically perfect in every way....there's a time and (more importantly) a place for malarkey.
+5 Xeno Cool Points -
Originally posted by DimPrawn View PostTax advice of the week: Get a company car - MoneyWeek
However, as these rates are falling from 2012, you'd be better off going for a car with very low emissions – of just 110g/km. At this level and below, your company can claim 100% of the cost of the car against tax in the year of purchase.
Nor do you have to "tool around" in a Smart car to get the tax break. There are now more than 200 cars on the market, including Audi A3s and BMW 320ds, which fall into the sub-111g/km bracket (see Businesscar.co.uk). So choosing the right low-emissions car could "save your company thousands".
320d is a great car too.Rule Number 1 - Assuming that you have a valid contract in place always try to get your poo onto your timesheet, provided that the timesheet is valid for your current contract and covers the period of time that you are billing for.
I preferred version 1!Comment
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Originally posted by TonyEnglish View PostDo you still battered on the BIK? Suppose you could drop your salary down to a piddling amount so that you pay a high percentage of feck all!Comment
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Originally posted by DimPrawn View PostBIK on low CO2 cars like this is feck all, so you can chose, pay the tax man your corp tax bill or buy yourself a car with the money instead.Rule Number 1 - Assuming that you have a valid contract in place always try to get your poo onto your timesheet, provided that the timesheet is valid for your current contract and covers the period of time that you are billing for.
I preferred version 1!Comment
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Originally posted by TonyEnglish View PostThat's pretty interesting - I'm in the market for buying a car!!Let us not forget EU open doors immigration benefits IT contractors more than anyoneComment
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Originally posted by DimPrawn View PostBIK on low CO2 cars like this is feck all, so you can chose, pay the tax man your corp tax bill or buy yourself a car with the money instead.Coffee's for closersComment
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Originally posted by DodgyAgent View PostiI've got just the motor for you. One titled owner and very low mileageWhat happens in General, stays in General.You know what they say about assumptions!Comment
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Originally posted by MarillionFan View PostIs it DimPrawns? KN0B1?Let us not forget EU open doors immigration benefits IT contractors more than anyoneComment
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Originally posted by Spacecadet View Postplus they burn less fuel which is about 80% tax so win-win!
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Does this only apply to new cars? Had a look at the list, and the 320d BMW looks pretty good! How the hell have they got that comming in at 109 g/km?
I'm tempted to get one of them!Rule Number 1 - Assuming that you have a valid contract in place always try to get your poo onto your timesheet, provided that the timesheet is valid for your current contract and covers the period of time that you are billing for.
I preferred version 1!Comment
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