Oct 4, 2022 | Company Cars, P11D
The company car stats are finally out for 2020/21, with a slight delay of 2 months later than last year’s release. According to HMRC the number of company cars continue to decline, there being only 720k company cars for 2020/21 (6 April 2020 to 5 April 2021), this is...
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...
May 3, 2021 | Company Cars, P11D, PHEV
HMRC aren’t always great at moving with the times. The main company car section of the Income and Corporations Taxes Act 1988 (s198) referred to the expense of “keeping and maintaining a horse to enable him to perform those duties”. That’s 1988. So perhaps we...
