Does it make sense to buy my new electric car through the business?

Audi E-Tron GT

Does it make sense to buy my new electric car through the business? Q I want to buy an electric car: should I put it through the business? A: In a word, yes. In the past, given the high tax consequences, I have regularly advised clients against putting their car through the business: only on the rare […]

HMRC Clarifies Salary Sacrifice Car Scheme Tax

HMRC

HMRC Clarifies Salary Sacrifice Car Scheme Tax As reported previously, Salary Sacrifice schemes changed in April 2020 when the government provided further clarification around tax for fully electric, hybrid and other low emission vehicles. Further increasing the attractiveness of getting a new vehicle via a salary sacrifice scheme. For electric cars, the BiK rate is […]

Details of Bristol’s clean air zone finally confirmed

Upper Maudlin Street

Details of Bristol’s clean air zone finally confirmed Cumberland Road will be closed to inbound general traffic under new measures to tackle Bristol’s illegal air pollution levels. The full details of the clean air zone (CAZ) plans have finally been revealed and are set to include a small city centre charging zone, applicable to non-compliant […]

Bluepoppy extends its support of grassroots sport

Bluepoppy Sponsor Banwell FC Ladies

Bluepoppy extends its support of grassroots sport BRISTOL broker Bluepoppy Vehicle Solutions is increasing its support of grassroots sport with sponsorship of Somerset team Banwell FC Ladies. While Banwell FC has three senior mens’ teams, and a comprehensive youth set up, this is the first year it will field a ladies team. Bluepoppy is a […]

Business optimism rises as factories reopen

Manufacturing

Business optimism rises as factories reopen Britain’s manufacturing sector stabilised this month after collapsing at its fastest pace on record during the lockdown, according to a closely watched survey. Although output is still far below its pre-crisis levels, activity is picking up and the sector is starting to recover. The IHS Markit/Cips flash composite purchasing […]

Company car users on furlough can save thousands of pounds

BIK

Company car users on furlough can save thousands of pounds Furloughed employees with company cars they are not using in the lockdown could save thousands of pounds in tax by returning the car to their employer. Millions of people across the UK have been furloughed in a government-backed scheme that pays 80 per cent of […]

Electric cars get extra sparkle from tax breaks

Peugeot E208

Electric cars get extra sparkle from tax breaks The Toyoto Prius hybrid — once said to have the “soul of a milk-float in the body of a car” — has been a familiar sight on the school run for more than a decade. But electric cars, rather than hybrids, are set to become even more […]