Company cars offer businesses and employees a financially beneficial way to ensure transport for essential car users.
Your business should consider the benefits of company cars before deciding to invest. You’ll need to draw up a set of policies and procedures for managing company cars and their health and safety requirements.
Company cars can also be an important tool in reducing greenhouse gas emissions. Low to zero emissions vehicles attract the biggest tax benefits and can help with a transition away from petrol and diesel cars.
Rules around company cars can seem confusing, whether it’s calculating company car tax or insurance issues for business and personal use. This guide will help you understand the advantages and disadvantages of managing company cars and look at alternatives such as car allowances.