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Company cars remain one of the most important employee benefits that they look forward to. One of the most important reasons is that the company cars are the symbols of status and professionalism. Moreover, these factors make them an attractive addition. However, purchasing or leasing a company car is not a simple task; it is an important financial commitment that one has to make. But to make the right decision, one needs to understand the tax implications, cost structure, and benefits. To help you, this guide by MMBA Accountants sheds light on the aspects that you must know.
If your business is making steady growth but fuel and tax costs are increasing, then it is the right time to consider purchasing or using a current vehicle as a company car. To help you more, HMRC introduces generous company car tax schemes. In this regard, environmentally conscious businesses have more incentives to invest in low-emission vehicles.

https://www.mmba.co.uk/blog/buying-company-car/