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 – firstname.lastname@example.org – I look forward to hearing from you!