In this episode, we explore the pros and cons of putting a company car through your business. We focus on two main types of vehicles: commercial vehicles and electric vehicles (EVs). Key Points: •Commercial Vehicles: •Offer significant tax benefits, including full tax deductions and VAT recovery (if VAT-registered). •Typically exempt from Benefit-in-Kind (BIK) tax if used exclusively for business. •Electric Vehicles: •Benefit from lower BIK tax rates due to their low emissions. •Eligible ...