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Alfa

Don’t lose out to the taxman

The government has revealed three common mistakes that are costing companies and their drivers money.

First: not using the P11D price of a vehicle for tax purposes, but instead using the actual purchase price.

Second: many companies do not realise that new Euro IV diesels (since Jan 01 2006) no longer avoid the 3% tax levy imposed on those vehicles and still take off the amount when submitting returns.

Third: businesses are frequently using incorrect CO2 emissions to calculate drivers

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Ralph Morton is an award-winning journalist and editor of Business Motoring, as well as Editorial DIrector of Business Car Manager Ltd. Ralph writes extensively about the car and van leasing industry as well as wider fleet and company car issues. A former editor of What Car?, Ralph is a vastly experienced writer and editor and has been writing about the automotive sector for over 35 years.

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