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