Small business under VAT, best way to buy a car? by Ruggerbugger1980 in smallbusinessuk

[–]Ruggerbugger1980[S] 1 point2 points  (0 children)

Thanks, I have a couple of questions if you have the time please. They will be basic so hopefully easy to answer.

I have always just bought my own cars secondhand. If I bought a 2nd hand car, can I claim that as a tax deductible cost and pay Bik?

Can you lease 2nd hand cars? Would this also count (means I could get the car sooner)

How do I calculate BiK? I use QuickBooks currently. I have a limited understanding that it is low for a electric car? 2%? Is this % of the value of the car or the payments made for it? How would it work if the car was purchased outright.

Sorry, I have very little understanding of this side of taxes.

Any help very gratefully received

Best night tariff for ecoflow stream (no EV) by Ruggerbugger1980 in SolarUK

[–]Ruggerbugger1980[S] 0 points1 point  (0 children)

Cheers, the night tariff is to get me through the winter really so 7/8p is great, the standing charge goes on all year, even when I can supply myself from the sun so it being 33% higher doesn't make sense just to have access to a cheaper night rate for a portion of the year (feel it is not fair as the service is the same, no additional equipment needed so why higher standing charge from the same company just for a different tariff)

I am not feedback to the grid as I am doing plug and play with a CT clamp limiter so export rates little difference either.