Sep 3, 2021 | Company Cars, Salary Sacrifice
The press love the phrase “post code lottery”. But did you know the tax individuals in the UK pay depends very much on what you are being taxed on and increasingly where you live? In the graphic below we look at the effective tax rate (combining employee income tax...
Aug 22, 2021 | BEV, Company Cars
I posted recently about the need to look at the (very near) future of electric car ranges before pushing ahead with the charging infrastructure based on current needs. Our resident mathematician Chris Sewell has looked into this a bit more and, using the simplest...
Aug 19, 2021 | Company Cars, P11D
In 2010 the average company car emitted 147g/km of CO2, had a scale charge (the List Price x SC%) of £3,865 and the average company car driver had a marginal tax rate of 31.9%. By 2020 the CO2 emissions had fallen by 24% to 111g/km of CO2 and, despite this, the...
Aug 15, 2021 | Company Cars, P11D
Almost exactly as predicted by HRUX two years ago, HMRC confirmed last week that the total number of company cars reported in 2019/20 has fallen to 800,000*, which is down 160,000 since 2016. That’s 160,000 people who’ve moved from a regime where CO2 is tightly...
Aug 3, 2021 | BEV, Company Cars, Salary Sacrifice
How high can tax on an EV company car go before it no longer makes sense? How about twenty times higher? Last year the BiK rate was zero, this year it’s 1%, and from next April it’s 2% of the List Price. That is incredibly low, lower than it has ever been. And we...
Jul 30, 2021 | Company Cars
It’s that time of year again folks; the HMRC company car stats are out for 2019/20. HMRC estimate there were 800,000 company cars reported in 2019/20, down 70,000 from the previous year, bringing in £2.5bn in combined tax and NIC for the Exchequer. These numbers are...
