Do you have a company car through your owner-managed business?

Do you have a company car through your owner-managed business? If you do, the chances are you are paying more tax than you should be. It is a common misconception that putting a car through your business saves you tax – rarely is that the case.

Furthermore, HMRC are increasing company car tax rates over the coming years, so if you are already making a tax loss, this loss will keep growing.

I strongly recommend you have any company car arrangements reviewed; the longer you wait the more tax you could lose.

If you would like a review of your company car tax position, please contact me on 01733 372684 or drop me an email – nathan@greenstones.co.uk – I look forward to hearing from you!

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