Tax benefit of having an electric company car for small business limited company owners
Posted on March 10, 2022Since April 2020 there has been a massive reduction in the car benefit rates for Ultra Low Emissions Vehicles (“ULEV”). These are cars with CO2 emissions of <50g/km and an electric mileage range of 130+. For example a BMW i3 (a fully elec More...
2022/2023 Tax Year – What do I need to know?
Posted on March 10, 2022An overview of the changes to the tax rules for the coming tax year. Personal Allowance, National Insurance and Employment Allowance The personal allowance is remaining at £12,570, and the higher rate tax threshold is remaining at £50,270. Fro More...
Tax benefit of having an electric company car from April 2020 for small business limited company owners
Posted on March 3, 2021Since April 2020 there has been a massive reduction in the car benefit rates for Ultra Low Emissions Vehicles (“ULEV”). These are cars with CO2 emissions of <50g/km. For example a BMW i3 (a fully electric car), with a list price of £33,3 More...
Claiming Marriage Allowance
Posted on June 10, 2020Marriage Allowance enables one partner in a married couple or civil partnership to transfer part of their tax-free allowance to the other partner. The marriage allowance for 19/20 is £1,250, generating a maximum tax saving of £250. People can More...
Work from home allowance for employees
Posted on May 21, 2020Are you an employee working from home? Whether as a result of COVID-19 or not, so long as it is an agreed home working arrangement your employer can pay you a tax-free allowance of £6 a week (from 6 April 2020). The employee does not have to ke More...
