As most people know, generally, my advice is not to have a company car. That’s because the benefit in kind tax makes most cars expensive and the capital allowances aren’t great.
But not all company cars are bad!
So Bicknell Business Advisers have decided to go green, tomorrow, we are collecting our first company car from Westover Toyota, a Toyota Yaris Hybrid and the option we have chosen is less than 75 CO2 g/km which means it will qualify for 100% capital allowance in the first year.
The benefit in kind is only 11%.
It does 85 miles to the gallon and uses the petrol engine to charge the batteries (so no need to plug it in).
Would you ever consider getting a Green Car?