Changes have been made by HMRC to the advisory fuel rates (AFRs) for all journeys on or after 1 December 2022 for company car drivers claiming back fuel costs from their employer
Continue readingTag Archives: Company Car Tax
Reduce your employers’ NIC liability and your employees taxable benefits by switching to fully electric vehicles
If an employee is provided with a car by their employer, tax is payable on the cash equivalent of the of car provided. The cash equivalent of the company car provided is calculated by taking the list price of the car, multiplied by a certain percentage, this percentage depends on the amount of carbon dioxide emitted by the car.
Continue reading