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Tax tips for the year end: Businesses

30 Nov 2015

1 minute read

With the year end fast approaching, here are our top tips to help you make the most of the tax-saving opportunities available to you and your business ahead of 5 April 2016. 

Consider the timing of capital investment

The Annual Investment Allowance (AIA) reduced to £200,000 from 1 January 2016 and where a chargeable period straddles this date, the maximum amount of AIA entitlement is calculated on a pro-rata basis. There are also restrictions on the amount of expenditure which can qualify for AIA depending on when the assets were purchased.

The change in the AIA could have a significant impact on the relief available. Please speak to us about the timing of any investments you are planning so as to ensure you receive the maximum benefit.

Review your business motoring

Tax and national insurance costs could mean that the company car is not the most tax-efficient option for either employer or employee. The car benefit and car fuel benefit (where fuel for private use is provided with the car), on which you pay income tax at up to 45%, is calculated at up to 37% of the list price (car) and the same percentage on a notional £22,100 (fuel).

We can help you decide on the most efficient way to organise your business motoring.

For more information on minimising your tax liability ahead of the year end, please contact Matt Wistow at or call 01865 292200. 

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