UK Company Formation...

Everything you need to know about setting up in the UK.

UK Company Formation Wizard

Use our helpful tool to see what's required to set up your company in the UK.

Setting Up in The UK

A practical guide to what’s involved, and what you can expect to happen during this process.

FAQs

Get answers to commonly asked questions about company formation, accounting and taxes.

Our Services...

From accounting to personalised telephone answering – everything your company needs to thrive in the UK.

UK Company Formation

Company formation, memorandum and articles registration and appointing Directors and Shareholders.

Legal Compliance

Covering various business operations such as company secretary, registered office, handling post and more.

Outsourced Finance Office

Complete administrative support for your UK company designed especially for foreign businesses.

Bank Account Opening

Operate from day one with a virtual Bank account that can be opened immediately.

Virtual Office Service

UK business address, personalised phone answering service, mail handling, access to the meeting room.

Advisory Services

Advice on formation, directorship and other relevant rules and regulations related to setting up in the UK.

Brokerage Services

A single entry point to services frequently required in the early stages of company development.

About EBS...

Find out more about EBS, how we operate and what we stand for – or simply get in touch with us.

Who we are and how we work

We work exclusively with foreign-owned businesses in the UK and understand the problems they face.

Our Team

Behind every successful business is a great team - meet the team that makes up EBS.

Contact Details

Our address and contact details. If you need to get in touch with us, you can email us here.

Who we work with...

Explore our case studies and see how we work with foreign companies, helping them set up in the UK.

What's happening in the Industry

We’ve created and curated some helpful news articles relating to EBS and the industry in general.

Join our mailing list

Sign up to our mailing list to get news and updates straight to your inbox.

Helpful Guides and Documents

We’ve created some helpful guides and documents covering topics such as Britain’s History and Geography, The Legal System, Formalities and more. 

Join our mailing list

Sign up to our mailing list to get guidance articles straight to your inbox.

Get in touch with us...

We’d love to hear from you! – if you have any questions, please get in touch with us on phone, email or social media, and our friendly team will be pleased to help.

Head Office

EBS Ltd, Innovation Centre, Gallows Hill, Warwick, CV34 6UW

London Office

EBS Ltd, 71-75 Shelton Street, Covent Garden, London, WC2H 9JQ

car interior

Car Benefits

Personal Cost on Car Benefits

The taxable benefit from the private use of a passenger car is the car’s list price when new multiplied by a percentage calculated according to the car’s carbon dioxide emissions and, if applicable, electric range.

The percentage rates can be found here.

As an example, a car with a list price of £30,000 and a CO2 percentage of 20% has a taxable value of £6,000. An employee in the 20% marginal income tax band therefore pays £1,200 extra tax per year, and both the company and the employee will have to pay Social Costs on this.

 

Tax on fuel provided for private use

A taxable Benefit in Kind for private use of company paid for fuel will be made on any employee provided with a company car unless the company can prove that no fuel was provided for private use at any time. The tax authorities have helpfully provided clear guidance on what procedures and evidence they will accept as providing this proof. Failure to follow these procedures will result in a tax charge for the whole tax year.

All travel from home to work is considered as private use in the UK.

The amount of the taxable benefit for private fuel is calculated by applying the percentage for the car from the link above to the taxable benefit value of £24,100. This can change each year.

Employer’s Social Costs are also payable on the value of all taxable benefits.

 

Tax Free Allowances

Fuel allowance
For the business use of a car provided by the company, the amount payable for each English mile (1.6 km) can be found here.

Business use
For the business use of a privately owned car (mileage allowance), the amount payable for each English mile (1.6 km) can be found here.

If these fuel or mileage allowances are not exceeded, then there is no tax or Social Cost liability. If any amount more than the Tax Free Allowances is paid, then the whole of the amount becomes taxable on the employee and full Social Costs must also be paid.

The information contained in this article was correct at the time of writing. However, they should be considered as general information only and specific advice should be obtained before any actions are taken.

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Warwick Office

EBS Ltd, Innovation Centre, Gallows Hill, Warwick, CV34 6UW

London Office

EBS Ltd, 71-75 Shelton Street, Covent Garden, London, WC2H 9JQ

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