Electric vs Petrol/Diesel? What are the Pros and Cons when looking to buy a Company Car?
Generally, there are company and personal tax efficiencies when buying an electric company car compared to a petrol/diesel car. However, you do need to consider the commercial aspects of your finance plans/funding of the company car in your company, as electric cars are usually more expensive.
Working through your PSC – what are our most commonly asked expenses questions?
We explore some of the most frequently asked expense questions when working through your PSC.
Can the company claim for repairs, tools and equipment and capital expenditure used in the performance of your work?
Generally, capital items are those items that will have enduring benefit to your limited company. Examples are computers, tools, office furniture and motor vehicles. If the items purchased are owned by the business, capital allowances will be claimed rather than the full cost being an allowable expense in the year of purchase.
What expenses can I claim when working from home?
Your company can reimburse you for a flat rate weekly payment of £6 ( £312 per year) – if you meet the criteria for working from costs.