Thread: Company Car
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Old 02-19-2008, 09:44 AM
Poppy Poppy is offline
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Join Date: Feb 2008
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Hi

I have also been looking into this - specifcally car leasing.

I think if the car value is under £12000 and the CO2 emmisions are low then all the better.
If you are VAT registered you can claim 100% for full business use and 50% vat on partial business/private use.
You can also claim some relief on corporation tax but you will be taxed personally - for me I would end up paying slightly more tax than what I would save but then again with a brand new car you have no expensive repairs to worry about as it would be under warranty.

Best to speak to your accountant who can best clarify your situation.

Thanks
Joanne
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