Company car vesus personal car...

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chuddy replied

11 December 2006, 21:47
I read that it is possible to 100% expense a car if it had low emmissions. That is, it will just disappear from the books so it is not an asset. Is that correct?

Would I be able to expense the insurance as well and claim the VAT back it too???

EDIT: Sounds a little too good to be true... hmm
Leave a comment:
Viktor replied

6 December 2006, 21:48
Originally posted by Mailman

What are the new BIK rules?

Mailman

£3000 BIK for a van if there is private use...and I had plans to buy a Ford Ranger at the beginning of next year, bloody f&^ers...
Leave a comment:
Mailman replied

6 December 2006, 14:08
Originally posted by Lockhouse

I've got a company van on contract hire but I'm getting rid of it when the new BIK rules come in.

What are the new BIK rules?

Mailman
Leave a comment:
xoggoth replied

4 December 2006, 12:46
I've got a van too. BASTARD blownstuff!!!!! Extra £500 fuel tax from April isnt it?
Leave a comment:
Lockhouse replied

4 December 2006, 12:13
I've got a company van on contract hire but I'm getting rid of it when the new BIK rules come in.
Leave a comment:

Viktor started a poll Company car vesus personal car...

29 November 2006, 16:22

38 Voters

Company car on contract hire/finance lease	5.26%	2 votes
Company car on contract purchase/cash upfront	2.63%	1 vote
Personal car bought for cash and claim mileage	81.58%	31 votes
Personal contract hire / lease / other finance method	7.89%	3 votes
Other	2.63%	1 vote

So let's hear the voice of the panel regarding this controversial problem...

Tags: None