Company Car Tax
01 February 2001, 08:20 AM
#1
Scooby Senior
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I was wondering if any of you out there know of a site where I can find out about the taxation aspects of company cars on the web?
I have no idea what the current rules are (I haven't had one for 10 years), but am aware that they are about to change to an emissions basis. Is there a list of emissions and appropriate tax charges?
Will I find the STi on there?
I have no idea what the current rules are (I haven't had one for 10 years), but am aware that they are about to change to an emissions basis. Is there a list of emissions and appropriate tax charges?
Will I find the STi on there?
02 February 2001, 09:11 AM
#3
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I only wish it was as clear cut as that 
Also have a look at this months (Feb 2001) issue of 'What Car?'. They have the first of a two part feature on the company cars and the tax implcations.
With the CO2 regulations coming in, it would appear wise to avoid anything with a 6 cylinder engine or bigger as this is going to cost you a lot of money. I'm looking at the new Celica 190, which isn't badly priced and because of Toyota's lean burn engines, it gets a good CO2 rating that will actually save me money when the regulations change, so it is not all bad news. Also consider a diesel (
) - if your budget will stretch to it, the new BMW 330D is meant to be a cracker.
Cheers
Chris
[This message has been edited by Chris L (edited 02 February 2001).]
Also have a look at this months (Feb 2001) issue of 'What Car?'. They have the first of a two part feature on the company cars and the tax implcations.
With the CO2 regulations coming in, it would appear wise to avoid anything with a 6 cylinder engine or bigger as this is going to cost you a lot of money. I'm looking at the new Celica 190, which isn't badly priced and because of Toyota's lean burn engines, it gets a good CO2 rating that will actually save me money when the regulations change, so it is not all bad news. Also consider a diesel (
) - if your budget will stretch to it, the new BMW 330D is meant to be a cracker.Cheers
Chris
[This message has been edited by Chris L (edited 02 February 2001).]
04 February 2001, 11:20 PM
#7
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One thing to bear in mind with the new CO2 rules is that there will be NO reduction for business miles. So if any of you company car drivers are currently doing high business miles (especially >18K) you are gonna get hit big time.
As Chris says, the way to go is smaller, more efficient engines.
Bas
As Chris says, the way to go is smaller, more efficient engines.
Bas
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05 February 2001, 06:34 PM
#8
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XRS,
i threw a few numbers around, and even being _very_ pessimistic on insurance (GBP1,000 pa) and servicing/tyres (GBP2,500 pa) etc., i would be TWO OR THREE GRAND a year better off by opting out of our company car scheme and buying my current Scooby in a year or so's time.
It all depends in the "residual value" of my company car, and the actual cost of insurance, but at the moment it seems best to own your own!
mb
i threw a few numbers around, and even being _very_ pessimistic on insurance (GBP1,000 pa) and servicing/tyres (GBP2,500 pa) etc., i would be TWO OR THREE GRAND a year better off by opting out of our company car scheme and buying my current Scooby in a year or so's time.
It all depends in the "residual value" of my company car, and the actual cost of insurance, but at the moment it seems best to own your own!
mb
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