A1GSS wrote:

How did you calculate £1250 per year? I'd expect it to be way more than that....?

Thanks for your reply kingpleb, me and the mrs would probably do no more than 5000 miles per annum each and so would not claim the full amount back.
I am thinking too, that in the early years of the company I am not incline to take any money out of the company and leave it in for further investment, however leasing a car through the company and getting rid of our personal car loans would put us in a better financial position personally and give us some benefit from the company making money

Um. Ive just done a tax liability calc for a diesel FFRR and assuming £80k list price . the BIK is about £28,000 pa assuming you don't also get private fuel, so the tax liability at 20% is £5,600.

HMRC calculator here:
http://cccfcalculator.hmrc.gov.uk/ Graham

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