Business Taxation

BUSINESS USER

As a Business User you have Capital Allowances that are a means of lowering the amount of Corporation Tax you will pay by adjusting your level of taxable profit. However, it is not a cash payment or a refund from HMRC, it is simply an adjustment to your bottom line net profit.

Please note that if your company is non profit making, not liable for tax, or is not profitable - tax allowances are inapporopriate.

By choosing the right funding plan to suit your business needs you will be able to take advantage of claiming the maximum available benefits.

From the new tax year 2009/10 starting in April the tax allowances will be changing to a new system based on the CO2 emissions of the vehicle, so please contact us on 0800 587 0592 for a more detailed explanation of the new rules, or simply send us an e-mail request to: corporate@lipscomb.co.uk .

PLEASE NOTE

You will need to consult a suitably qualified tax advisor before you decide on what is the best scheme for your business.

“The preferred choice for Business & Personal Contract Hire”