Company Cars - What about tax?

Have you considered having a Company Car? Wondered what happens in relation to tax? Is it worth having a company car? How much tax will it cost you?
In this video you will discover:
Company Cars and Capital Allowances
Company Cars and the tax impact for you and the Company
The difference between a normal car and an electric car
The tax benefit of having a company car
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DISCLAIMER: Please be advised that the content of my media is my personal opinion and is intended FOR GENERAL INFORMATION PURPOSES ONLY, not specific tax advice. Nothing herein shall be construed to be financial, legal or tax advice. The content of this video is solely the opinions of the speaker. Making decisions on your tax position and investment decision is your own and appropriate specific targeted advice from a qualified accountant or tax advisor should be sort. The speaker will not be held responsible for any losses or gains based on decisions made following watching this video. Always do your own research and seek advice from an appropriately qualified professional.
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[@craigevans9617]

Thanks for taking the time to make this video, informative and helpful. Much appreciated.

[@kimberleyshapcottpropertytax]

Glad it was helpful!

[@chaiswa1]

Thank you for your excellent talk. What is the P11 benefit in kind for 2023-2024 and 2024-2025. Though the car bought in companies name can I insure the car in my name as I am the MD and sole employee. The reason is car Insurance in the company name is about the double.

[@kimberleyshapcottpropertytax]

I'll get a video on P11ds put up on the channel.
It's the duty of the registered keeper of the vehicle to ensure that the vehicle is insured - even if it's driven by someone else.

[@osipani9179]

Love your videos

[@kimberleyshapcottpropertytax]

Thank you. If there are any specific topics you are interest then please let me know and I will endeavour to assist where I can.

[@TLSProperty-bx3uw]

Really helpful, does the same apply with pcp and leasing?

[@kimberleyshapcottpropertytax]

if you have a car in the company name, whatever ownership method there will be company car tax implications. For some options there are benefits such as capital allowances on an electric car or WDAs. If leasing then these wouldn't apply.

[@mikik3249]

Great and very informative video, thank you Kimberly. As it happens I (was) considering getting a car via ltd. Not any more though LOL. But I appreciate full explanation!

[@kimberleyshapcottpropertytax]

Glad it was helpful!

[@paulthomas8363]

Great video! Would the same rules apply to a commercial van?

[@kimberleyshapcottpropertytax]

Check out the video on Company Vans on the channel as things are a little different.