Business cars and corporation tax

HM Treasury has published a technical note which provides a greater level of detail on how the new capital allowance regime being introduced for all business cars from 1 April 2009 will work. Acquisition of business cars What is happening? The expenditure on all business cars will be treated in three ways, depending on the CO2 emissions of each vehicle. Diesel and petrol engine vehicles will be treated the same way. * Companies purchasing... [Read More...]