Cost of having a truck as a company director, ways to fund?
Discussion
Eric Mc said:
I'm always a bit concerned when the first thing a new company director thinks of is what type of vehicle he can have.
I'm glad that's a concern, its obviously because I've thought about it and planned it for a while 
I'd like to turn profit to zero or near zero using the rules in place.I've got a full time paye Job also, the plan is to pay my wife as a director or as an employee(circa £11k), myself nothing initially.
As long as it doesn't distract you from the real purpose of the company then it's not too bad - but from experience I have found that directors who obsess about their cars aren't often 100% focused on the actual business.
The problem with cars, vehicles, tax, Benefits in Kind etc is that the rules never stay still. What may have been good advice even a few weeks ago may not be so good later.
There are many, many , many threads here on PH on this topic. On average, I would say we get about two similar threads every week. I'd suggest you do a search and have a look at some of the other threads as they cover virtually all the permutations.
The problem with cars, vehicles, tax, Benefits in Kind etc is that the rules never stay still. What may have been good advice even a few weeks ago may not be so good later.
There are many, many , many threads here on PH on this topic. On average, I would say we get about two similar threads every week. I'd suggest you do a search and have a look at some of the other threads as they cover virtually all the permutations.
Eric Mc said:
As long as it doesn't distract you from the real purpose of the company then it's not too bad - but from experience I have found that directors who obsess about their cars aren't often 100% focused on the actual business.
The problem with cars, vehicles, tax, Benefits in Kind etc is that the rules never stay still. What may have been good advice even a few weeks ago may not be so good later.
There are many, many , many threads here on PH on this topic. On average, I would say we get about two similar threads every week. I'd suggest you do a search and have a look at some of the other threads as they cover virtually all the permutations.
Hi, they're linked. Its not something I'm going to jump into. I need to speak to a decent accountant first(and find one to use!).The problem with cars, vehicles, tax, Benefits in Kind etc is that the rules never stay still. What may have been good advice even a few weeks ago may not be so good later.
There are many, many , many threads here on PH on this topic. On average, I would say we get about two similar threads every week. I'd suggest you do a search and have a look at some of the other threads as they cover virtually all the permutations.
Regards
knock yourself out...
https://www.gov.uk/expenses-and-benefits-company-v...
Out of interest, what will your business do?
https://www.gov.uk/expenses-and-benefits-company-v...
Out of interest, what will your business do?
dfen5 said:
knock yourself out...
https://www.gov.uk/expenses-and-benefits-company-v...
Out of interest, what will your business do?
Oak frame buildings and a vision engineer/project manager.https://www.gov.uk/expenses-and-benefits-company-v...
Out of interest, what will your business do?
I have had one for about 5 years and just started thinking about replacing it.
From a start up business it has been brilliant, imo just enough mix between practical use and good techie/lifestyle.
From a finance point. I lease hired, about £1500 down and £300 a month ex vat. The biggest advantage from my point of view is it was classed as a commercial vehicle so company car tax was £600 a year.
Would I have another one, deffinately.
But my business has grown and I thing (need) a fast VW transporter in my life!!!!!
V.
From a start up business it has been brilliant, imo just enough mix between practical use and good techie/lifestyle.
From a finance point. I lease hired, about £1500 down and £300 a month ex vat. The biggest advantage from my point of view is it was classed as a commercial vehicle so company car tax was £600 a year.
Would I have another one, deffinately.
But my business has grown and I thing (need) a fast VW transporter in my life!!!!!
V.
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