There are two answers to this one.
There is the quick answer and the long answer.
The quick answer is probably no.
Generally, if you have a limited company, have a company car is often bad for tax. This is because the government ramped up the tax on company cars.
However, it isn’t always the case, some cars do make it more tax efficient but it does depend on:
The car, make, model
Size of engine
CO2 emissions
Basic rate or higher rate tax payer
Business miles
Personal miles
If you need more specific help email me at Russell@rsaccountancy.co.uk
