BUSINESS QUICK GUIDE

Full details of the above products and their tax implications are described in the following pages. However, a couple of good 'rules of thumb' are as follows: -

VAT Registered businesses will find that Leasing is a more tax efficient and therefore more cost effective way of funding all but their higher value vehicles.

For higher value vehicles (in excess of £22,000) customers are advised to consider contract purchase as this is likely to be more tax efficient.

For NON-VAT Registered businesses there is no real advantage to leasing and they are advised to consider Contract Purchase.

PERSONAL QUICK GUIDE

Personal Contract Hire is ideal for customers who are opting out of their Company Car Scheme and receiving a car allowance.

Personal Contract Purchase gives the customer the option to own the vehicle at the end of the contract.

Should you wish to calculate your company car tax liability or assess whether to take a cash alternative please click on the link below or call one of our consultants.