THE TAXATION OF COMPANY CARS. Calculating the cash equivalent

Save this PDF as:

Size: px
Start display at page:

Transcription

1 THE TAXATION OF COMPANY CARS Company cars remain a popular employment-related benefit despite the fact that income tax charges on them are generally high. The benefit of having a company car available for private use is taxed by reference to a notional amount of taxable extra income, known as its cash equivalent value. The employee pays tax on the cash equivalent at his or her marginal rate. The employer is liable to Class 1A national insurance contributions (NICs) of 13.8%, but there is no liability to employee NICs. Calculating the cash equivalent There are four steps to calculating the cash equivalent of a company car. Establish the price of the car for tax purposes. This is essentially the list price of the car, plus the list price of any optional accessories, less any capital contributions made by the employee (up to a maximum of 5,000). Multiply the price established for tax purposes by the appropriate percentage to produce the car s cash equivalent. This percentage is determined by the car s CO 2 emissions. If necessary, reduce the cash equivalent for periods when the car was not available to the employee. Make an adjustment for any contribution made by the employee for the private use of the car. List price The relevant list price is the one published by the manufacturer for the vehicle on the day before its first registration, regardless of the age of the car, or whether it was bought new or second-hand. It includes delivery charges, value added tax (VAT) and any customs or excise duty, whatever the VAT status of the employer. The cost of mobile telephones is not included. Appropriate percentage The appropriate percentage is normally determined by the level of the car s CO 2 emissions. CO 2 figures are available at the Society of Motor Manufacturers and Traders Ltd website (www.smmt.co.uk/members-lounge/member-services/ market-intelligence/vehicle-data/co2-emissionsdata/) and are usually shown on vehicle registration documents. If the car s CO 2 emissions (rounded down to the nearest 5g/km) equal the relevant threshold, the appropriate percentage is 12% for petrol cars for 2014/15. The relevant threshold is set at 95g/km for 2014/15. Where CO 2 emissions exceed the relevant threshold the appropriate percentage is increased by 1% to a maximum of 35% for each 5g/km increase in CO 2 emissions. There are special rules for cars with CO 2 emissions below the relevant threshold. Diesel cars are subject to a supplement of 3% (maximum 35%) until 6 April The following table gives the taxable percentage of list price by emissions level: All Rights Reserved Page 1 of 5

2 2014/ / /17 Zero emissions 0% 13% 15% CO 2 emissions Petrol Diesel Petrol Diesel All fuel g/km % % % % % & over All Rights Reserved Page 2 of 5

5 Tax planning key points `Executive company cars have generally not been a tax-efficient perk for many years. However, very low or zero emission cars can be very tax efficient until April If an employee needs a car for business travel, the question of whether a company car should be provided will depend on the individual facts in each case. Some employees will prefer to suffer the tax charge in order to benefit from the convenience provided by a company car. The income tax rules now favour smaller fuel-efficient cars. In many cases, the provision of fuel for private motoring in a company car will not be tax efficient unless the employee does very high levels of private mileage. This guide is for general information only and is not intended to be advice to any speci erson. You are recommended to seek competent professional advice before taking or refraining from taking action on the basis of the contents of this publication. The guide represents our understanding of the law and HM Revenue & Customs practice as at April 2014, which are subject to change. All Rights Reserved Page 5 of 5

Introduction. How company cars are taxed. Calculating the cash equivalent

Introduction Company cars remain a popular employment-related benefit despite the generally high income tax charges on them. The tax charge on company cars cars provided to employees by their employers

The current regime for taxing employer provided cars (commonly referred to as company cars) is intended:

Cars for Employees The current regime for taxing employer provided cars (commonly referred to as company cars) is intended: to encourage manufacturers to produce cars which are more environmentally friendly

Company Car Tax 2014/2015

Company Car Tax 2014/2015 Produced for Zenith by Income Tax Rates 2014/15 2013/14 Rate Band Band % 20 0 31,865 0 32,010 40 31,866 150,000 32,011 150,000 45 150,000+ 150,000+ Personal Allowances 2014/15

The current regime for taxing employer provided cars (commonly referred to as company cars) is intended:

Cars for Employees The current regime for taxing employer provided cars (commonly referred to as company cars) is intended: to encourage manufacturers to produce cars which are more environmentally friendly

Budget 2014 Its impact on your fleet

Budget 2014 Its impact on your fleet This year s Budget, presented by the Chancellor on Wednesday 19 March 2014, was a Budget for building a resilient economy, with the objective of supporting businesses

Company Car Tax. Cars running solely on diesel fuel are subject to a 3% supplement.

Company Car Tax The basis for taxing those who use company cars is to tax a figure calculated by multiplying the car s list price by an emissions-based percentage (the appropriate percentage ), with a

Your Guide to Business Motoring 2009/10 Your Guide to Business Motoring For many businesses, motoring costs are a significant expense in the profit and loss account. This cost has increased in recent years

Business Motoring. Information for a changing world. RMT guides

RMT guides Business Motoring Information for a changing world. www.r-m-t.co.uk your guide to Business Motoring For many businesses, motoring costs are a significant expense in the profit and loss account.

There can be a benefit on: a) A car that is provided for private use (however incidental the private use is); and/or

Registered in England Registered Number: 04744238 Registered Address: 62 The Street, Ashtead, Surrey, KT21 1AT Registered with the Chartered Institute of Taxation as a firm of Chartered Tax Advisers Car

Pocket Car Tax Guide 2012/13. www.deloitte.co.uk/carconsulting

Pocket Car Tax Guide 2012/13 www.deloitte.co.uk/carconsulting Income Tax Rates 2012/13 2011/12 Rate Band Band % 20 0 34,370 0 35,000 40 34,371 150,000 35,001 150,000 50 150,001+ 150,001+ Personal Allowances

Including details of the 2015 emissions-based changes, Vehicle Excise Duty and fuel allowances.

BMW Fleet & Business Sales bmwcorporate.co.uk The Ultimate Driving Machine Company Car tax. 2015/2016. Including details of the 2015 emissions-based changes, Vehicle Excise Duty and fuel allowances. Whille

Tax benefits for ultra low emission vehicles

k0 Tax benefits for ultra low emission vehicles Ultra low emission vehicles (ULEVs) are vehicles that produce less than 75g of carbon dioxide (CO2) for every kilometre travelled. Both private and business

These VAT rules apply whether you are a sole trader or a limited company.

Cars and Vehicles VAT You will not be able to reclaim any input VAT on the purchase of your car, (nor will you have to charge any output VAT on sale, unless you are in the very unlikely business of making

Taxation and the Company Car

Home Budget 2012 Vehicle Excise Duty / First Registration Fee / P11D value 2012 / 2013 Company car taxation Fuel allowances Class 1A National Insurance Contributions Writing Down Allowances / Lease rental

Volkswagen Company Car and Van Tax Guide 2015/2016.

Volkswagen Company Car and Van Tax Guide 2015/2016. Budget 2015 headlines The coalition Government s sixth and final budget, ahead of the 2015 general election, contained a number of announcements impacting

Guide to Company Car Tax 2009/2010

Guide to Company Car Tax 2009/2010 The explanations and data set out in this guide are for general information only, and though given in good faith, are given without any warranty as to their accuracy.

Business Vehicle Finance from Ford. A guide to Business Vehicle Finance and company vehicle taxation

Business Vehicle Finance from Ford A guide to Business Vehicle Finance and company vehicle taxation 2 3 Business Vehicle Finance from Ford A guide to company vehicle taxation and business finance. This

ebrief for freelancers and contractors Car & motorcycle expenses for contractors Personally owned cars and motorbikes: Are you really claiming all the travel and subsistence expenses you are entitled to?

Lease Car Scheme. Drivers Guide

NHS Fleet Lease Car Scheme Drivers Guide Scheme Administrator: Knowles Associates TFM Ltd Red Lion House, The Green Great Bentley Colchester Essex CO7 8QG Telephone: 01206 252300 Fax: 01206 252211 Email:

GUIDE TO COMPANY CAR TAX

GUIDE TO COMPANY CAR TAX 2013/2014 The explanations and data set out in this guide are for general information only, and though given in good faith, are given without any warranty as to their accuracy

Company Car Tax in 2009/2010 Including details of the 2009 vehicle excise duty reform and emissions-based capital allowance system

The explanations and data set out in this leaflet are for general information only, and though given in good faith, are given without any warranty as to their accuracy. Please refer to your legal or tax

NEW MILEAGE ALLOWANCES. Joint Staff Side Briefing

NEW MILEAGE ALLOWANCES Joint Staff Side Briefing June 2013 NHS Agenda for Change (AFC) mileage allowance information This joint staff side briefing has been drawn up as a guide for members and representatives

Business Vehicle Finance from Ford. A guide to Business Vehicle Finance and company vehicle taxation

Business Vehicle Finance from Ford A guide to Business Vehicle Finance and company vehicle taxation 2 3 Business Vehicle Finance from Ford A guide to company vehicle taxation and business finance. Vehicle

Company Car tax. 2013/2014. IncludIng details of the 2013 emissions-based reforms, VehIcle excise duty and national Insurance.

Company Car tax. 2013/2014. IncludIng details of the 2013 emissions-based reforms, VehIcle excise duty and national Insurance. Whilst we have made every effort to ensure the information in this document

Including details of the 2014 emissions-based changes, Vehicle Excise Duty and fuel allowances.

BMW Corporate Sales bmwcorporate.co.uk The Ultimate Driving Machine Company Car tax. 2014/2015. Including details of the 2014 emissions-based changes, Vehicle Excise Duty and fuel allowances. Whille we

Company Car Tax 2011/12

Company Car Tax 2011/12 Details of new company car tax bandings, changes to VED rates, fuel benefit charge and AMAPs, plus the fair fuel stabiliser Produced in association with Vehicle Excise Duty (Ved)

Car benefits and car fuel benefits

Helpsheet 203 Tax year 6 April 2013 to 5 April 2014 Car benefits and car fuel benefits A Contacts Please phone: the number printed on page TR 1 of your tax return the SA Helpline on 0300 200 3310 the SA

An evaluation of the UK s shift to CO 2 based Company Car Taxation

Taxation of Company Cars Workshop An evaluation of the UK s shift to CO 2 based Company Car Taxation Stephen Potter Professor of Transport Strategy and member of the UK Green Fiscal Commission Context

Guide to Company Car Tax 2011/2012

Guide to Company Car Tax 2011/2012 The explanations and data set out in this guide are for general information only, and though given in good faith, are given without any warranty as to their accuracy

FOR ELECTRONIC USE ONLY

Branston Adams accountants & business advisors Suite 2, Victoria House, South Street, Farnham, Surrey. GU9 7QU tel: +44 (0)1252 728 598 fax: +44 (0)1252 728 652 email: paul@taxaccountancy.com www.branstonadams.co.uk

Income Tax Main reliefs 2014/15 2013/14 Allowed at top rate of tax Allowed only at 10% Rate bands 2014/15 2013/14

Tax Rates 2014 2015 Income Tax Main reliefs 2014/15 2013/14 Allowed at top rate of tax Personal Allowance (PA) 10,000 9,440 Personal Allowance (born 6.4.38-5.4.48)* 10,500 10,500 Personal Allowance (born

THE BMW GROUP GUIDE TO FLEET FUNDING.

THE BMW GROUP GUIDE TO FLEET FUNDING. The way vehicles are funded in a fleet context varies widely and there are two main methods for acquiring vehicles for your fleet: Outright purchase over a fixed period

Income tax: company car tax rates 2016-17

Income tax: company car tax rates 2016-17 Who is likely to be affected? Businesses and employers where company cars are made available for private use. General description of the measure For 2016-17, the

company cars: a guide for drivers

company cars: a guide for drivers Contents Introduction 03 The basics 04 Beyond the basics 06 Private fuel costs 07 Vehicle specification 09 Conclusion and action plan 10 Next steps: resources 11 02 Introduction

Tax Facts STRAIGHT TO THE POINT RATES AND ALLOWANCES GUIDE 2016 /

Tax Facts RATES AND ALLOWANCES GUIDE 2016 / 2017 STRAIGHT TO THE POINT www.hazlewoods.co.uk The data in this card is based on releases from HM Treasury and HMRC. INCOME TAX Personal allowances those born

TAX RATES AND ALLOWANCES 2012-2013

TAX RATES AND ALLOWANCES 2012-2013 CONTENTS INCOME TAX RATES 2 INCOME TAX ALLOWANCES 2 PENSIONS 3 PERSONAL INVESTMENT INCENTIVES 3 BASIC STATE PENSION 3 NATIONAL INSURANCE CONTRIBUTIONS 4 CAR BENEFIT FOR

VAT guide should I register for VAT?

VAT guide should I register for VAT? associates ltd Should I register for VAT? This guide will give you an understanding as to whether you should register, what the various schemes are for small businesses

GE Capital. Cash or Car? Choosing what s best for me

GE Capital Cash or Car? Choosing what s best for me Making the right decision for you Wondering whether you should choose a Company Car or take a Cash Allowance in lieu of a Company Car? Is it time to

LEASE CAR POLICY AND PROCEDURE

LEASE CAR POLICY AND PROCEDURE Lease Car Policy & Procedure Page: Page 1 of 16 Recommended by Approved by Executive Management Team Board of Directors Approval date 4 May 2011 Version number 1.4 Review

Fleet Funding and Company Car Taxation

LeasePlan Consultancy Services Fleet Funding and Company Car Taxation Your Guide for 2015 Produced in association with Company Car Taxation Your Guide Disclaimer This publication is intended to provide

Derbyshire Healthcare NHS Foundation Trust. Lease Car Scheme

Derbyshire Healthcare NHS Foundation Trust Lease Car Scheme October 2012-1 - 1. INTRODUCTION Derbyshire Healthcare Foundation Trust has agreed to introduce a Lease Car Scheme which enables employees who

Frequently Asked Questions. Introduction to TCH Salsa We are introducing a unique benefit to our employees which allows you to sacrifice an element of your salary for a leased car, taking advantage of

Benefits in kind guide. Unlimited accountant support and online software

Benefits in kind guide Unlimited accountant support and online software 033 3311 8000 Benefits in kind guide Contents: Benefits in kind are benefits which employees or directors receive from their company

ATTRACT MOTIVATE RETAIN

ATTRACT MOTIVATE RETAIN A Salary Sacrifice Car Scheme white paper from the UK s leading fleet services company. A LEX AUTOLEASE WHITE PAPER SALARY SACRIFICE CAR SCHEME 1 A CAR FOR ALL EMPLOYEES As a method

Company Car Taxation 2014 Your Guide. Produced in association with

Company Car Taxation 2014 Your Guide Produced in association with Company Car Taxation Your Guide Disclaimer This publication is intended to provide general information and is not an exhaustive treatment

carbon footprinting a guide for fleet managers

carbon footprinting a guide for fleet managers Introduction For some organisations, carbon footprinting is perceived to be about reducing emissions purely for environmental reasons. But it is primarily

COMPANY VEHICLE POLICY

COMPANY VEHICLE POLICY The following is a guide of what to include in a Company Vehicle Scheme. This can be used as a template by you to construct your own policy and adapted to suit your own company.

In today s fast-paced world, business owners often find themselves spending a lot

ISSUE 2013-09 WWW.BDO.CA THE TAX FACTOR STEERING THE OWNER-MANAGER THROUGH CAR OWNERSHIP DECISIONS In today s fast-paced world, business owners often find themselves spending a lot of time in their cars.

: Reduce Your Tax & Your Carbon Footprint Electric cars don t just help the environment; they can also prove a huge money-saving option. UK Plug-in Car Grant In January 2011, the government introduced

Financial Procedure Note FPN 6

Financial Procedure Note FPN 6 Travel Related Expenses October 2012 Financial Procedure Notes supplement Financial Regulations, providing detailed guidance on various topics. Failure to comply with these

Class 1A National Insurance contributions on car and fuel benefits

CA33 National Insurance contributions series Class 1A National Insurance contributions on car and fuel benefits A guide for employers Use from 6 April 2014 for 2014 15 and earlier years Help and guidance

Company car tax reform in the UK

Company car tax reform in the UK A Summary 9 October 2009 Carolina Valsecchi (IEEP) www.ieep.eu Index Policy before and policy after Impacts of reform Unintended impacts of reform Main drivers of reform

The decision to buy, hire purchase or lease an asset will generally depend on the financing available to your business.

Buy, HP or Lease? The decision to buy, hire purchase or lease an asset will generally depend on the financing available to your business. There are different treatments for tax and accounting purposes,

GUIDE - TAXATION DEDUCTION FOR MOTOR VEHICLE EXPENSES

GUIDE - TAXATION DEDUCTION FOR MOTOR VEHICLE EXPENSES Page 1 BUSINESS SYSTEMS SYSTEMS REQUIRED TO OBTAIN A TAXATION DEDUCTION FOR MOTOR VEHICLE EXPENSES CONTENTS Page 1. Employer Supplied Vehicle 3 2.

Record Keeping Case Study

Handout 1 Newly Self-Employed the basics Record Keeping Case Study John Ellis started in business as a plumber on 1 September 2011. Listed below are details of money he has paid out and cash and cheques

Class 1A National Insurance contributions on car and fuel benefits

CA33 National Insurance contributions series Class 1A National Insurance contributions on car and fuel benefits A guide for employers Use from 6 April 2015 for 2015 to 2016 and earlier years Help and guidance

Cash basis for small business Introduction From April 2013, it is proposed that sole traders with a low turnover may use the cash basis for determining their taxable profits. Traders here include vocations

TAX RATES AND ALLOWANCES 2014-2015

TAX RATES AND ALLOWANCES 2014-2015 CONTENTS INCOME TAX RATES 2 INCOME TAX ALLOWANCES 3 PENSIONS 3 PERSONAL INVESTMENT INCENTIVES 4 BASIC STATE PENSION 4 NATIONAL INSURANCE CONTRIBUTIONS 5 CAR BENEFIT FOR

REGISTRATION TAX AND ANNUAL CIRCULATION TAX GUIDELINES

REGISTRATION TAX AND ANNUAL CIRCULATION TAX GUIDELINES Effective as of 1 st January 2009 VERSION 2.0 (4 th November 2008) These guidelines are intended to provide information on the changes in the registration

Lease Car Scheme Managers Guide

NHS Fleet Lease Car Scheme Managers Guide The administration of the scheme is outsourced to a specialist management company (Knowles Associates) who provides quotations, scheme management, driver support

INCOME TAX RATES OF TAX 2014/2015 2015/2016

INCOME TAX RATES OF TAX Starting rate for savings* 10% 0% Basic rate 20% 20% Higher rate 40% 40% Additional rate 45% 45% Starting rate limit 2,880* 5,000* Threshold of taxable income above which higher

COLLEAGUE CARS FAQ S. What are the benefits of Colleague Cars? What is included in the package? How much can I save?

What are the benefits of Colleague Cars? What is included in the package? How much can I save? COLLEAGUE CARS FAQ S Can I arrange to test drive a car? What makes and models are available? A brief insight

BRANCH NEGOTIATING GUIDE:

BRANCH NEGOTIATING GUIDE: 2013 MILEAGE ARRANGEMENTS for staff on Agenda for Change terms and conditions June 2013 1 P a g e Contents Introduction... 3 Background and context... 5 Principles.... 6 The Cost

Employment status: employee in terms of employment law. generally taxed as employees. Tax on profits:

Sole trader Vs Limited company The comparison is for a trading business. Many of the points summarised here are not relevant if you want to compare individuals or companies that manage investment business.

Paper F6 (UK) Taxation (United Kingdom) Tuesday 3 June 2014. Fundamentals Level Skills Module. The Association of Chartered Certified Accountants

Fundamentals Level Skills Module Taxation (United Kingdom) Tuesday 3 June 2014 Time allowed Reading and planning: Writing: 15 minutes 3 hours ALL FIVE questions are compulsory and MUST be attempted. Rates

Energy Saving Trust Fuel Card Guide

Energy Saving Trust Fuel Card Guide By providing information on the common benefits of fuel cards the Energy Saving Trust hopes to demonstrate that taking time to consider fuel cards for your organisation

Ensuring that goods or services are sold in a later accounting period.

Introduction The approach of a company s year end is an important time to look at opportunities to save tax. A number of tax-saving actions have to be taken by that date, otherwise the opportunity could

Paper F6 (UK) Taxation (United Kingdom) Tuesday 2 June 2015. Fundamentals Level Skills Module. The Association of Chartered Certified Accountants

Fundamentals Level Skills Module Taxation (United Kingdom) Tuesday 2 June 2015 Time allowed Reading and planning: 15 minutes Writing: 3 hours This paper is divided into two sections: Section A ALL 15 questions

Frequently Ask Questions This document has been prepared to answer questions that you are likely to have on the new SalarySacrifice4Cars scheme ( the car scheme ). It is set out in 3 sections The car scheme

Paper F6 (UK) Taxation (United Kingdom) Tuesday 4 June 2013. Fundamentals Level Skills Module. The Association of Chartered Certified Accountants

Fundamentals Level Skills Module Taxation (United Kingdom) Tuesday 4 June 2013 Time allowed Reading and planning: Writing: 15 minutes 3 hours ALL FIVE questions are compulsory and MUST be attempted. Rates

Toyota Finance for Business Welcome 2 Why choose Toyota Financial Services? 3 1 Toyota Contract Hire 4 AccessToyota 7 Other financial products 9 Protecting your car 12 Personal Tax for Company Car Drivers

Efficient cars, efficient finance and perfect business sense. Fleet solutions to get your business moving. Toyota continues to push technology forward for today s constantly evolving world. Our long-standing

Paper F6 (UK) Taxation (United Kingdom) September/December 2015. Fundamentals Level Skills Module. The Association of Chartered Certified Accountants

Fundamentals Level Skills Module Taxation (United Kingdom) September/December 2015 Time allowed Reading and planning: 15 minutes Writing: 3 hours This question paper is divided into two sections: Section

GUIDE TO SALARY PACKAGING A CAR

GUIDE TO SALARY PACKAGING A CAR TABLE OF CONTENTS INTRODUCTION 3 WHY SALARY PACKAGING A CAR WITH PAYWISE 3 HOW SALARY PACKAGING A CAR WORKS 4 EMPLOYMENT TERMINATION 6 EARLY TERMINATION 6 GET STARTED 6

How to calculate your taxable profits

Helpsheet 222 Tax year 6 April 2013 to 5 April 2014 How to calculate your taxable profits A Contacts Please phone: the number printed on page TR 1 of your tax return the SA Helpline on 0300 200 3310 the

Refer us a friend today and receive 100 EXPENSES GUIDELINE

Refer us a friend today and receive 100 EXPENSES GUIDELINE CONTENTS Limited company expense guidelines 1 Business Expenses 2 Salaries 2 Travel and Subsistence Expenses 2 Business Mileage 3 Company Car

Association of Taxation Technicians. Examination. November 2010 PAPER 6 PART I BUSINESS COMPLIANCE. TIME ALLOWED 3 HOURS (for Part I and Part II)

Candidate Number Association of Taxation Technicians Examination November 2010 PAPER 6 PART I BUSINESS COMPLIANCE TIME ALLOWED 3 HOURS (for Part I and Part II) You are required to answer all questions

Broomfield & Alexander Employment Tax Advisory Services

Broomfield & Alexander Employment Tax Advisory Services Contents Broomfield & Alexander Employment Tax Advisory Services 1 Tax responsibilities for employers Tax mitigation and red tape Specialist help

Income Tax Main allowances 2016/17 2015/16

Tax Rates 2016/17 Income Tax Main allowances 2016/17 2015/16 Personal Allowance (PA)* 11,000 10,600 Blind Person s Allowance 2,290 2,290 Dividend Tax Allowance (DTA) 5,000 N/A Personal Savings Allowance

Self-employment (short) Tax year 6 April 2014 to 5 April 2015 (2014 15) Use these notes to help you fill in the Self-employment (short) pages of your tax return You should fill in the Self-employment (short)

Frequently Asked Questions by Employees. Fuel Efficient Car Lease Scheme. An employee benefit offered by the University of Birmingham

Frequently Asked Questions by Employees Fuel Efficient Car Lease Scheme An employee benefit offered by the University of Birmingham If you have any further questions or would prefer to talk to someone,

Where to start when buying a car? Before you get behind the wheel, it s worth taking time to research your options. From choosing between new and used cars to finding the right make and model, test driving,

GE Capital Solutions. Driver guide. What s Best for Me?

GE Capital Solutions Driver guide What s Best for Me? Welcome When it comes to choosing your car, choosing what s best for you, can often be complex and based on numerous factors including lifestyle, vehicle

finance act 2010 A starting rate of 10% applies to savings income where it falls within the first 2,440 of taxable income.

01 technical finance act 2010 RELEVANT TO PAPERS F6 (UK), CAT 9 (UK) and P6 (UK) This article looks at the changes made by the Finance Act (No 1) 2010 and the Finance Act (No 2) 2010, and should be read

TAX TABLES 2010/11. INCOME TAX 2010/11 2009/10 Rates

TAX TABLES 2010/11 INCOME TAX 2010/11 2009/10 Rates % % Starting rate for savings income only 10 10 Basic rate for all income 20 20 Higher rate for non-savings and savings income only 40 40 Higher rate

Fleet Alliance is a leading UK fleet management provider offering contract hire, leasing and a complete range of fleet solutions products.

The all-round fleet solution Fleet Audit CONSULTANCY Funding Products Green Fleet & Whole Life Cost Competitive Tendering Flexi Hire Fleet Management & Support Accident Management FLEET SOLUTIONS Driver

Paper F6 (UK) Taxation (United Kingdom) Tuesday 4 December Fundamentals Level Skills Module. The Association of Chartered Certified Accountants

Fundamentals Level Skills Module Taxation (United Kingdom) Tuesday 4 December 2012 Time allowed Reading and planning: Writing: 15 minutes 3 hours ALL FIVE questions are compulsory and MUST be attempted.

*Not available if taxable non-savings income exceeds the starting rate band.

2015/16 Tax Tables INCOME TAX Rates 15/16 14/15 Starting rate 0% 10% on savings income up to* 5,000 2,880 Basic rate of 20% on income up to 31,785 31,865 Maximum tax at basic rate 6,357 6,373 Higher rate

Fundamentals Level Skills Module, Paper F6 (UK) Marks 1 (a) Josie Jones Income tax computation 2011 12

Answers Fundamentals Level Skills Module, Paper F6 (UK) Taxation (United Kingdom) December 202 Answers and Marking Scheme Marks (a) Josie Jones Income tax computation 20 2 Trading profit (working ) 64,000

21 Tax Saving Tips Tax & Accounts www.hfmtax.co.uk

21 Tax Saving Tips Tax & Accounts www.hfmtax.co.uk Everyone wants to save tax and, although there are complex tax savings schemes available, some tax savings are simple. You just need to take some care

Arval Broker Services. Product Information

Arval Broker Services Product Information Just Drive www.arval.co.uk Contract hire With contract hire from Arval your customers will benefit from new cars and LCVs without having to find the initial capital

TAKING CONTROL OF YOUR PENSION PLAN. The value of pension contributions

TAKING CONTROL OF YOUR PENSION PLAN If you add together all the money you have in pension arrangements, the total may well dwarf every other investment you ever make. Despite this, many people are happy

Reduce your fleet costs in nine simple steps

Reduce your fleet costs in nine simple steps 75% of fleets expect their costs to rise in 2010. 1 Running a cost efficient fleet is therefore more important than ever in order to keep your expenditure under

Glossary of Terms. A guide to terms commonly used in car & van fleet management. Compiled by ACFO, as an aid to good fleet management practice

Glossary of Terms A guide to terms commonly used in car & van fleet management Compiled by, as an aid to good fleet management practice Membership Secretariat Office Ltd 35 Lavant Street Petersfield GU32