How To Reduce Company Car Tax In Uk
February 6, 2023 ⚊ 1 Min read ⚊ Views 71 ⚊ BLOG
Company car tax, also known as Benefit-in-Kind (BIK) tax, is a tax imposed on employees who receive company cars as a taxable benefit. In the UK, the tax is calculated based on the value of the car, its CO2 emissions, and the tax band it falls under. The tax can be a significant expense for employees, but there are ways to reduce it.
Tags: companycartax Accounting VAT Tax
