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Accountants Glasgow Reducing Tax in 2018

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Company Car Tax 2018 - 2019

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.

Click here to read the full article from MILEIQ…

Nicholas Aderinto