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Specialisms

Advice on CO2 Emissions and Fixed Profit Car Schemes

Motor cars are a sensitive issue and the Chancellor is always trying to increase the tax payable by persons having company cars.

Basically the amount that an individual is taxed on is based on the CO2 emissions from the vehicle.

Companies and company employees should always consider the advantages of charging the fixed profit car scheme rates for their car's use in the business and also review the possibility of paying increased salary or dividends rather than the provision of a motor vehicle.

Morris & Co have a specialist package which will compare the costs of vehicle running versus the fixed profit car scheme rates and would be pleased to do a review for a fixed fee.

Please email Bill Benoy for more information.

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