To buy or not to buy?
13 September 2012
Businesses need to be aware of the financial risks and tax implications when deciding how to fund their company cars.
Once a business has decided to provide company cars, the next and the most complicated question is how to fund them. Deciding whether to own, lease or hire should be driven by finance and taxation considerations.
It is estimated that there are three to four million company cars used for business travel in the UK. Inland Revenue statistics show that in 2003-04, 1...