Company Car Lease (EV) - but not trading - Contractor UK Bulletin Board

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northernladuk replied

15 March 2021, 16:13
Originally posted by gypsymoth View Post

I have. He's useless. Looking for wider opinions

Get a new one then.
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eek replied

15 March 2021, 16:09
Originally posted by gypsymoth View Post

I have. He's useless. Looking for wider opinions

Time to find a new accountant and you could use this as a "filtering" question.
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gypsymoth replied

15 March 2021, 15:49
Originally posted by northernladuk View Post

Have you asked your accountant. I am sure my 'fans' are wailing in the background but if you want to know anything about how your tax is affected then your accountant is the only person that can give you advice based on your actual situation. We are a bunch of random contractors, not accountants.

I have. He's useless. Looking for wider opinions
Leave a comment:
northernladuk replied

15 March 2021, 11:41
Have you asked your accountant. I am sure my 'fans' are wailing in the background but if you want to know anything about how your tax is affected then your accountant is the only person that can give you advice based on your actual situation. We are a bunch of random contractors, not accountants.
Leave a comment:
gypsymoth started a topic Company Car Lease (EV) - but not trading

14 March 2021, 15:52
Company Car Lease (EV) - but not trading

Hey
My current company car lease on an electric car is coming to an end and I want to get another one for a couple more years via the company. There's a chunky amount of cash in there.

At present, I'm not trading and not likely to until late 2021 (at best). So effectively, there's no revenue this company year. I may be doing a perm role for a bit btw.

Excuse the naive question, but from a company and personal tax perspective, is there *any* advantage of doing the lease thru the company route this time round? Writeoffs, BIK, etc?

Or is it more advantageous to swerve it and get a personal lease?

Thanks!
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