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Accountants in Bromley
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Daily Archives: October 28, 2019

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Electric & Low Emission Vehicles

Personal tax, Vehicle ChargesBy Harrison Hill Castle & CoOctober 28, 2019

CAPITAL ALLOWANCES (claimable by the company against corporation tax profits) Until 1 April 2021 (5 April 2021 for income tax) a low or zero emission car can qualify for a 100% first year allowance (FYA) if its CO2 emissions do not exceed 50g/km and the car is purchased new and unused..   PERSONAL INCOME TAX…

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