Magee Gammon Blog Tax Company Car Taxation

Company Car Taxation

The provision of a company car is normally a taxable benefit for an employee or a director. The company car benefit charge for a full year is calculated by multiplying the price of the car for tax purposes (in most cases, its list price plus accessories less capital contributions) by the ‘appropriate percentage’.

Our guide focuses on company car tax rules and how tax legislation is being used to encourage businesses to acquire more environmentally-friendly vehicles.

If you would like further advice please contact one of our tax experts
01233 630000

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