Running a fleet is often complex with taxation frequently a factor as successive governments have looked to change how the taxation of fleets works.
In addition in a typical Fleet operation there will be a number of different taxes involved with Corporation Tax, Income Tax, National Insurance and VAT some of the areas to consider.
Questions you may ask:
- Which product is best for me?
- Am I best to own or lease from a taxation perspective?
- What are the tax implications of providing cash as opposed to company cars?
- What is the impact on employees personal taxation from running a company car or receiving cash?
How does it work?
We can help you look at different solutions and the different tax consequences, our team will work with you to understand the individual tax position of your business to deliver a solution which optimises your total fleet running cost.
Thinking of reviewing or concerned about the costs of running your fleet we can help with modelling your fleet, suggesting potential changes to make your fleet more tax efficient for you and your employees.