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Company Car Tax Deduction
Apologies if this is in the wrong forum!
I have an 08 plate Ford Focus as my company car from the family business, nothing wrong with it except the mileage!
But I'm getting a tax deduction of around £3500 a year for it, which is identical to my last job where I had a brand new V40.
Does anyone know how this tax is calculated? Is it the same for all cars I have?
Seems cheaper to run my own car...?
I have an 08 plate Ford Focus as my company car from the family business, nothing wrong with it except the mileage!
But I'm getting a tax deduction of around £3500 a year for it, which is identical to my last job where I had a brand new V40.
Does anyone know how this tax is calculated? Is it the same for all cars I have?
Seems cheaper to run my own car...?
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and also the CO2 emissions.0
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