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06 Sep 2018
HMRC is warning that taxpayers could face penalties if they fail to declare their income on foreign assets before new 'Requirement to Correct' legislation comes into force.
According to the latest statistics 121,500 first-time buyers have saved a total of £284 million.
The taxable benefit on your company car is based on the CO2 emissions of the car. These calculations are for the 2018/19 tax year.
The list price of the car and the cost of any optional extras.
The amount of any contribution made to the cost of the car (max £5000).
The amount paid to the employer over the whole year for any private use.
Does your employer pay for any private fuel for a company car?
Note: These calculations are only for illustrative purposes and are not a substitute for professional advice.