Spring 2008 Newsletter Content Winter Of Discontent CGT Winners CGT Losers Shifty Business Anything To Declare? Long Arm Of The Law Irreplaceable You Earn As You Pay Ask Questions Later Capital Ideas ISA ISA ISA Referee! Go Green VAT Or No VAT? Taking The Register Close Encounters May Contain Nuts Going Concern Ancient History Business And Pleasure Do Your Duty Know Your Rights Time To Go? Passing The Buck

Go Green From 6 April 2008, the tax charges on most company cars will go up a little because the percentage which is used to calculate the taxable benefit will go up by 1%. If your car has a list price of £15,000 and its CO2 emissions are between 140g/km and 239g/km, your chargeable income will go up by £150. If your employer pays for fuel for private motoring, you'll see a double increase - the same higher percentage will apply, and the figure it applies to is going up for the first time since it was introduced at £14,400 in 2003. It will be £16,900, reflecting increases in the cost of fuel, and that means that a middle-of-the-range car with a rating of 165g/km will see the fuel benefit jump from say 20% of £14,400 to 21% of the higher figure - extra income of £669. It could be time to look at one of the increasing number of cars with a rating of only 120g/km or less - the benefit charge on them is just 10%. They may save the planet - they will certainly save tax!