Personal taxation on company cars has been increasing for years particularly on private fuel benefit. Whether there is a financial benefit from having a car and fuel financed through the company really needs to be looked at carefully on an individual basis. My reckoning says unless you want an expensive zero emission vehicle and will […]
Category: Capital Allowances
Annual Investment Allowance (AIA)
The Annual Investment Allowance (AIA) was £ 250,000 for this closing tax year 2014 and this coming year sees it hiked up to £ 500,000. Considering it was £ 25,000 in 2012 you’d be forgiven if you just thought they accidently added another zero. AIA is the level at which you can claim tax relief […]