The most Tax efficient car for you!

As accountants in Richmond we are fully aware of those traffic jams that can pile up as you near West London.

There are several cars with low CO2 emissions of no more than 110g/km which can help keep those car Taxes and running costs down; such as, the Mini Cooper, Toyota Prius, Smart car and Fiat 500.

If you purchase one of these as company car brand new you can claim a tax deduction for the full cost in the year of purchase and for all running costs.

If the car is provided for private use or for a family member your employee will be taxed on 10% of the list price of the car for petrol cars and 13% for diesel. The company can also pick up the full cost of all servicing and insurance for the car with no extra tax charges.

Harnett Accountants in Richmond are always here to help. If you would like to hear more tips on how to stay ontop of your accounts then why not follow us on Facebook and Twitter?


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