Questions And Answers
Read our expert answers to your questions
Petrol versus electric cars – what are the tax differences?
I’m a business owner and am looking to replace my existing company car. My company is in the fortunate position where it can fund the purchase through the cash it holds. I’d like to buy a car which minimises environmental impact and I’ve decided to get an electric car. My current car’s CO2 rating is 142g, which leads to a big car benefit charge as I’m a higher rate taxpayer, but I would be interested in minimising this. I’m looking at purchasing a Tesla Model 3 at a list price of £41,990.
First published 30 Nov 2021 | Last updated 30 Nov 2021
My P11D is late
First published 30 Nov 2021
Can I claim back any input VAT?
First published 22 Nov 2021
Last updated 20 Mar 2024
Do I have to file my Capital Gains Tax report in 30 or 60 days?
First published 22 Nov 2021
Last updated 30 Nov 2021
Can I buy my employee a present?
First published 30 Oct 2019
Last updated 9 Dec 2021
Can I pay my tax bill through my PAYE tax code?
First published 4 Oct 2019
Last updated 17 Apr 2024
How to close your company
First published 15 Oct 2021
Last updated 30 Nov 2021
Do I need to complete a self-assessment tax return if I have done a capital gains tax return?
First published 15 Oct 2021
Last updated 20 Mar 2024
What is Making Tax Digital for Income Tax?
First published 26 Aug 2021
Last updated 11 Apr 2024
What tax is due if you supply your staff with a mobile phone?
First published 6 Oct 2020
Last updated 7 Oct 2021
What is a UTR number?
First published 6 May 2020
Last updated 20 Mar 2024
Are accounts and a corporation tax return needed if my company is dormant?
First published 26 Aug 2021
Last updated 20 Mar 2024
When do I need to file my accounts by?
First published 26 Aug 2021
Is a limited company the best entity for my business?
First published 26 Aug 2021
Do I need to use software for my bookkeeping?
First published 26 Aug 2021