adrian130980
Posts: 10
Joined: Wed Oct 16, 2013 12:02 am

Company question please

Thu Dec 24, 2015 3:12 am

Hi

I need some advice, please

My wife & I own a Ltd company and want to know if its better to take a company car scheme or a mileage allowance for each of us

My wife does 5500 miles per year business

I do 10,400 per year

We are looking at possibly buy a bmw i3 and later the i5 and having a charging point at our business

I would basically like answers to:

1. would having electric cars work out cheaper than petrol etc

2. would we receive any tax incentives for having a charging point at work etc

3. is it better to take company car allowance or mileage allowance?


Thanks

Adrian

MikeS
Posts: 700
Joined: Thu Jan 16, 2014 8:29 am
Location: Brighton UK

Re: Company question please

Thu Dec 24, 2015 4:35 am

Probably makes a huge difference if we knew where you lived!
BMW 3 Series 2005 - Aug 2014
BMW Z4 35i 2009 - Mar 2014
BMW X1 Mar 14
BMW i3 Sep 14

psc
Posts: 6
Joined: Wed Apr 01, 2015 12:22 pm

Re: Company question please

Thu Dec 24, 2015 7:07 am

Leeds - UK :?: (for the OP)

adrian130980
Posts: 10
Joined: Wed Oct 16, 2013 12:02 am

Re: Company question please

Thu Dec 24, 2015 7:52 am

Hi

Sorry I knew I missed something!

Manchester uk

eneka
Posts: 91
Joined: Thu Nov 12, 2015 1:57 pm

Re: Company question please

Thu Dec 24, 2015 11:57 pm

I thought i5 is rumored to be an hydrogen fuel cell. Not sure eif you'll be able to charge it.
2015 i3 rEX Arravani Grey giga, parking, tech, 20"

FrancisJeffries
Posts: 148
Joined: Thu May 15, 2014 12:47 pm
Location: Stevenage, UK

Re: Company question please

Fri Dec 25, 2015 3:32 am

This issue sounds like a visit to your accountant is needed! They should be able to advise - but because all this EV stuff is rather new, and there are more than 10,000 pages of Tax rules (yes, ten thousand!!! :o ) they may not be fully conversant.
But it's a good question and, as a sole trader, I look forward to hearing what you decide.
Noteworthy cars I've owned previously: Lancia Aprilia ... 20kWh i3 Rex.

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