Company Cars

Company cars have been under scrutiny recently and higher tax rates has meant that putting cars through the company is no longer tax efficient for the majority of makes/models.   However - under current proposals the government is looking to reduce the benefit in kind charged on some electric cars from 20/21.   If you are considering changing your car for a more economical vehicle in the coming years, it may be worth considering waiting for these new rules to come in, and taking a look at the vehicles included in this band.   This is a few years ahead yet and the proposed legislation may change   If you wish to discuss this further please don’t hesitate to get in touch. Company Cars