Chat & Social > The Bar - General Chat
Company car tax
TimM:
Yes you are reading it right,
potentially £3000 for the van and £500 for the fuel...
£3000 + £500 = £3500
£3,500 at basic tax rate of 22% = £770 a year or £64 a month.
If you pay higher rate - £3500 x 40% = £1400 a year or £116 per month
And the bad news is the 'cars' are worse.
Tim.
hingmy:
oh deary me. THis years raise disspaeared in car tax and i don't really use the blooming thing privately. Harrumph.
Time to start training a dog sled team.
Thanks for clearing the mists a little. I may pick your brains about the current vehicle when i come back.
Thanks
Steve
davidlandy:
the car tax is based upon the list price of the cars plus extras, then the emissions category that it fits into.
the categories have bands of co2 output but you have to add 3% for a diesel engine
example : my car is a VW passat sport tdi, list price is £19,000 approx
the CO2 output is 157 which means it is in the bracket of 18% plus the 3% diesel surcharge + 21% (this may not be up to date)
I therefore have to pay the tax on 21% of the cars price ie £3990
40% of £3990 = £1596/ 12 months = £133 per month
And I dont get fuel for private use, so there is another calcualtion to add to this if you do get the fuel provided by your company.
simdeb:
three years ago i changed from a company car to a freelander commercial to save on tax .
with the changes i will not have to pay any tax but , what you can do is limmeted
you can only use it to go to work and home , you can call on your way back from work ie shops ? but if you go home and then go to shop thats private use and you have to pay tax
other thing i have been told is to become a commercials it can have seats only in the front and no seats in the back or windows
stopping with mine not worth paying all the extra tax can run my disco with the money i am saving :lol: :lol:
TimM:
Going to the shops at night - if you are talking about say 'a trip to Tescos' - would not be a problem if you do lots of mileage during the day to make that trip 'insignificant' (which they haven't specified what this means), what they are trying to avoid is people having one, going to Tescos, then round to their friends, then to the pub, and then taking it to France for a booze cruise at the weekend.
Lots of my clients give their staff vans to take home so they can go straight to the 'next job' from home, or for some, can be on 24 hour call, if your boss doesn't mind you 'nipping to the shops' then the Inland Revenue probably won't either, they are not all :twisted:
Tim.
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