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[quote][i]Originally posted by JadeM[/i] [quote][i]Originally posted by antonOO2[/i] [quote][i]Originally posted by JadeM[/i] [quote][i]Originally posted by antonOO2[/i] You have to be carefull as alot of these companies online quote business rates and you have to add vat to them. [/quote] How easy is it to set up a company, get vat registered & start putting your cars / holidays / stationary etc through the books??:lol: [/quote] is relativaly easy but you will have to be earning a salary from the company as you will have to pay tax on the car as it will be seen as a company car.And on a 911 they wont go easy on the tax you pay.If you buy the car personally and use it for company use then you can charge the company 0.40p for every business mile you do they give this in the form of tax relief.So if you do 10000 business mile a year then you claim back £4000 from mr tax man.but you have to keep a log of the milage.This is the route i went down to avoid being taxed as a company car it is most benificial to me . [/quote] Sounds pretty good to me, Jades wanting to get into photography & do like weddings and other occasions etc so would need to be registered & whatso for that, think this could be a good front to finance our (my) Porsche:lol: Can you claim back Tax relief for a private car if your the owner / director of the company??? [/quote]
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