Cars and vans can either be a useful tax break or a massive tax liability depending on how you use them. The rules are fairly complex now and you need take into account both the capital allowances available and the implications for income tax. The main issues to consider with regard to cars and vans are:
For information of users: Although every care has been taken in compiling this material, it only provides an overview and does not take the place of an individual consultation. We strongly advise all users to consult the detailed legislation or seek professional advice. Therefore no reponsibility for loss occasioned by any person acting or refraining from action as a result of this material can be accepted by the authors or this firm.