we have company cars at the minute which we pay tax on. The company now wants to put their logo on the side. Will our tax payments change?
2007-02-06 23:28:23 · 6 answers · asked by Anonymous in Business & Finance ➔ Taxes ➔ United Kingdom
I think not.
2007-02-06 23:32:17 · answer #1 · answered by Anonymous · 0⤊ 0⤋
No but the company logo will be considered a business expense and not increase the value of the car for tax purposes.
2007-02-06 23:34:41 · answer #2 · answered by agius1520 6 · 0⤊ 0⤋
No. You will pay full tax on them, however because it is a company vehicle you can write of the amount that you have paid for it at tax time. Becareful though there are limitations your tax guy/girl can help you with.
2007-02-06 23:35:09 · answer #3 · answered by tgazms_42 1 · 0⤊ 1⤋
you may ge a better fuel rate if you pay your own fuel and claim back off the company. tax will stay the same
2007-02-06 23:33:01 · answer #4 · answered by Snot Me 6 · 0⤊ 0⤋
ring the inland revenue they will tell you.
2007-02-06 23:37:16 · answer #5 · answered by peter p 5 · 0⤊ 0⤋
nope 'fraid not
2007-02-06 23:31:52 · answer #6 · answered by Anonymous · 0⤊ 0⤋