COULD YOU SAVE TAX ON YOUR CAR ?

Whether you have a compant car or use your own car for business purposes you can save tax!

For company car users, their car benefit is based upon the list price together with any optional extras multiplied by a percentage governed by the level of CO2 emissions.

Employers now need to report CO2 emissions for all company cars registered after January 1998.

CO2 emissions are shown on the latest Vehicle Registration Document and can be obtained from certain websites including www.smmt.co.uk and www.vcacarfueldata.org.uk

The graph shows the potential difference in personal tax between the company supplying a Vauxhall Astra and a Ford Mondeo, without any fuel for private purposes.

Choosing your next company car carefully can literally save you thousands in tax each year.

You can use our Company Car Calculator to check your own tax liability.

Ford Mondeo 2.5 Zetec S V6, List price £20,000 (incl delivery), emissions 242 CO2 g/km.
Vauxhall Astra Club DTi 16v, List price £12,700 (incl delivery), emissions 130 CO2 g/km.

With the the high tax burden for many, it is worth reviewing the position, as there are a number of ways to save tax.

For further details of our review please, complete the feedback form, email IanPatterson@Hansons.uk.com or contact Ian Patterson on 01977 552 881.


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