Fuller Spurling

Call us:

01932 564098

Menu
  • Home
  • About us
    • People
      • Mark-Harvey-200×200Mark Harvey FCA – Partner
      • sue-keane-200×200Sue Keane FCA – Partner
      • amy-robins-april-2019-200×200Amy Robins LLB CTA ADIT – Partner
      • Consultant
      • Senior managers
        • David HodgsonDavid Hodgson FCCA
        • Photo of Philip Crowther-Green of Fuller Spurling Chartered AccountantsPhilip Crowther-Green
        • lana-ward-apr-2019-200×200Lana Ward
    • Offices
      • Fuller Spurling Chertsey officeChertsey Office
      • Fuller Spurling Sandhurst officeSandhurst Office
    • News
      • Coronavirus Business Support Guide
      • Nudges from HMRC, Christmas cheer, VAT refunds, SEISS & furlough… Our Tax Briefing clarifies.
      • Coronavirus Business Support Guide (November 2020)
    • About us
      General

      We give practical help and guidance whether you need help with your tax return or whether you run a business and need accounts, tax or VAT help and advice.

      Limited Companies and LLPs

      Whatever your size or industry sector we have the experience to be able to help and advise you. If you are a larger Limited Company or LLP then we can also carry out the statutory audit.

      FCA regulated entities

      If you run a business which is regulated by the Financial Conduct Authority we can help lodge reports to the FCA (typically via “Gabrielle”) and carry out the statutory audit if required.

      Charities

      We help charities prepare accounts and carry out Independent Examinations of Charity accounts or audits of the accounts of larger Charities.

      Solicitors

      We help prepare accounts and carry out Audits as required by the Law Society

    • Close
  • Accounting
    • Accounts & Auditing
    • Bookkeeping
    • Our Online Accounting Services
    • Close
  • Tax
    • Tax Compliance
    • Tax & VAT Enquiry Fee Protection Service
    • Tax Investigations and enquiries
    • Tax Planning
    • VAT
    • Reverse Charge Rules for Builders and Related Trades
    • Close
  • Specialist
    • Business Advisory
    • Charities
    • Company Secretarial
    • Contracts for self employed
    • ICAEW Business Advice Service
    • IR35 Contractors
    • Payroll
    • Tax & VAT Enquiry Fee Protection Service
    • Close
  • Land & Property
    • Inheritance Tax
      • Family Investment Company
      • Inheritance Tax and the Family Home
      • Property Trading Companies and Business Property Relief Case Law
    • Buying a property
      • Property Incorporation vs Ownership
    • Selling a property (Capital Gains Tax)
      • Capital Gains Tax – new payment deadline for residential sales
      • Changes to CGT, PPR and lettings relief – April 2020
      • CGT and Rebasing Explained
      • CGT Dates for Different Property Sales
    • Close
  • Making Tax Digital
    • MTD for VAT
    • Close
  • News
  • Contact Us
Home » News » Case Study » Case Study: Owner Managed Business – Company car verses personal car

9th April 2013 by Mark Harvey

Case Study: Owner Managed Business – Company car verses personal car

Deciding between having a company provided car or having a personal  car is never a straight forward answer, this can depend on the list price of the car, high or low CO2 emissions, private mileage and total mileage.

A recent example involved a client looking at a three year lease agreement including servicing and maintenance and so the only extra cost to consider was insurance.  The list price of the Grand Cherokee was £45,000 and it had a very high CO2 emission of 218g, even though it was a diesel powered car.  Private mileage was estimated to be approximately 12,000 miles per annum and no business mileage.

The choice involved either taking dividends to meet the lease payments if the car was to be a personal car, or letting the company pay for the lease payments and insurance and fuel costs and then report benefits in kind for the car and/or fuel.

Note this was for an owner managed business so the various scenarios affected the clients’ net available profit from the company as well as their personal tax position.

We could advise them they would save in excess of £5,000 per annum by drawing dividends and having the lease in their personal names.

Not all situations are so clear cut.  But if you need guidance on company cars please contact us on 01932 564098.

Filed Under: Case Study, Tax Tagged With: personal tax, Tax

« A day in the life of a Chartered Tax Adviser – November 2012
Important – More RTI Information »

What’s your question?

Call 01932 564098

Recent News

  • Coronavirus Business Support Guide
  • Nudges from HMRC, Christmas cheer, VAT refunds, SEISS & furlough… Our Tax Briefing clarifies.
  • Coronavirus Business Support Guide (November 2020)
  • Are you one of the 63% of UK residents without a will?
  • Autumn 2020 Business Support Guide

News Categories

  • Articles
  • Case Study
  • Company Law
  • Opinion
  • Tax
  • Tax Q&As
  • Testimonial
  • Updates
  • VAT Q&As

Follow us

Client Zone

Latest news & posts

  • Coronavirus Business Support Guide 8th January 2021
  • Nudges from HMRC, Christmas cheer, VAT refunds, SEISS & furlough… Our Tax Briefing clarifies. 10th December 2020
  • Coronavirus Business Support Guide (November 2020) 6th November 2020
  • Are you one of the 63% of UK residents without a will? 27th October 2020
  • Autumn 2020 Business Support Guide 5th October 2020

Legal etc

  • Privacy Policy
  • Terms and Conditions
Fuller Harvey Ltd
Registered in England No: 3881540

© 2010–2021 Fuller Spurling - Chartered Accountants · Site by Powerhut · Built on the Genesis Framework

We use cookies to ensure that we give you the best experience on our website. If you continue to use this site we will assume that you are happy with it.OkPrivacy policy