You’re the Boss Calculator
If you are the owner , director or an employee responsible for senior management vehicles, the cost of providing a vehicle as a company car or via a personal lease can vary significantly.
Questions you may ask:
- Is it best to acquire a new vehicle through my company or in my own right?
- What factors do I need to consider for business vs personal car?
- Can I change the car status from personal to business or vice versa?
How does it work?
When considering the best option its important all the following factors are considered :
- Lease costs
- Maintenance costs
- Mileage reimbursement rates
- Corporation Tax
- VAT
- Income tax
- National Insurance
What You're The Boss Calculator do LetsTalkFleet Offer?
Our new calculator will have all of the answers for you soon, so watch this space.
In the meantime if you have a question or need any support please get in touch with one of our specialist team and LetsTalk.
LetsTalkFleet can provide independent impartial advice on the most efficient driving licence check strategies for your business so please get in touch with any specific enquiries you have, we are available on 0330 056 3335 or via email contact@letstalkfleet.co.uk .
The information provided is based on existing and proposed legislation as at November 2024 (30th October 2024 UK Government Autumn Statement). Whilst every effort has been made to ensure that information given is accurate and not misleading, this information is intended to provide a quick reference to the current tax regulations relating to company vehicles and how they impact employers and employees. The content has been provided for informational purposes only and should not be relied on as a substitute for professional advice. No responsibility can be accepted by LetsTalkFleet Ltd for any loss or liability occasioned by any person acting on or refraining from action as a result of viewing this information.
Our new calculator will have all of the answers for you soon, so watch this space.