Following on from my posting last week, there are some new considerations for the 2013/14 tax return year.
The emissions rate to qualify for the full capital allowance rate is reduced from 160g to 130g.
– cars with emissions below 130g will continue to qualify for the standard 18% capital allowance rate.
– however cars with emissions above 130g will only receive an 8% capital allowance rate.
Therefore it is important to calculate whether claiming the business proportion of actual expenses or the flat mileage rate is better.
Please do contact me if you would like assistance with this.