Looking to buy a company car?
Drive a company car? As from 6 April 2018, it’ll probably become more expensive. Here’s a look at how company car tax rates have changed in 2018/19 and what this means for your tax bill.
Who Pays Company Car Tax?
You have to pay tax on your company car:
If you’re an employee
If you’re self-employed but do business as a limited liability company. This is because, legally, your limited liability company is a separate person, and you’re its employee.
As an employer, you pay Class 1A National Insurance on every company car
As an employer, you also have to file a P46 car tax form for every company vehicle.