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Company vehicles can be a valuable benefit, but they come with significant tax implications that employers and employees need to understand. In 2025, the tax treatment of company cars, vans, pickups, and fuel is largely based on CO₂ emissions, usage, and vehicle type. Low-emission cars, especially electric and plug-in hybrids, attract lower benefit-in-kind (BIK) charges, while diesel and high-emission vehicles are taxed heavily, up to 37% of the car's list price. Vans are generally more tax-efficient, but HMRC has tightened the definition, especially around crew-cab and dual-purpose vehicles. Fuel for private use also carries a hefty tax charge unless fully reimbursed. Staying informed on these rules is crucial for making cost-effective choices around business vehicles in the current tax landscape.
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The routine services you would expect us to provide are listed below but it’s the important ongoing professional advice that really helps our clients.
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The UK Government has announced significant changes to National Insurance contributions (NICs) and the Employment Allowance, set to take effect from 6th April 2025. These changes are aimed at strengthening public finances while continuing to support businesses and public services.
Directors of UK companies are classed as employees for National Insurance (NI) purposes and must pay contributions on their salary and bonuses once their annual earnings exceed the primary threshold of £12,570. These contributions are deducted at specific rates depending on the level of earnings, ensuring that directors contribute towards state benefits and pensions.
The Apprenticeship Levy is a tax introduced by the UK government to encourage businesses to invest in apprenticeships and improve workforce skills. This guide outlines what the levy is, who needs to pay it, how it is calculated, and how businesses can use the funds effectively.
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Starting from 1 October 2024, UK law mandates that employers distribute all tips equally among their staff, retaining none for themselves. Companies receiving tips must first determine if they are "qualifying tips," which includes both employer-received tips, like service charges, and certain worker-received tips, such as cash given directly to staff. Employers are advised to adhere to the code of practice on fair and transparent tip distribution, considering factors like job roles, employee tenure, and customer intent when allocating tips.
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