According to HSBC’s vehicle finance arm, which has produced a number of factsheets on the new tax.
The current company car tax system is structured around mileage-relatedbands, but from next month all stops. Instead, a car will be taxed on itscarbon dioxide emissions, measured in grams per kilometre, based on apercentage of its list price for tax purposes (P11D value).
For the vast majority of drivers – those covering between 2,500- 17,999miles per year – the new laws will bring tax savings, but for drivers of larger and petrol-fuelled cars, the cost may grow by up to £30.
Crowe Clark Whitehill , the top 20 accountancy firm, has announced the promotion of Chris Mould to partner
The latest opinions from Accountancy Age on Making Tax Digital, and outline plans to evolve the UK's corporate governance regime
Five million taxpayers are ow using digital personal tax accounts (PTA) as part of the making tax digital strategy, HMRC said
UK-based non-doms have paid ten times more tax than the average taxpayer, raising concerns over the Brexit impact on non-dom contributions and therefore, the economy