There's a list of all UK available cars here (no imports though):-

www.fleetpro.co.uk/co2.htm

There's also a company car tax calculator here:-

www.godfreydavis.co.uk/gd_internet_public/tax/jcalc.htm

The calculator isn't accurate if the taxable value of your car pushes you into the %40 bracket (i.e. you earnings are the high end of the low bracket, but the part of the car value is taxed at 40%). Type stuff, if you see what I mean :)

Hope these help

Regards,

Dean


[Edited by Beemer_Deano - 11/1/2001 11:41:12 AM]

OK, so the govenment are going to be putting this in place..

Question is what are the values for scoobies.... Is there a list somewhere that details what it is for all types ??

My understanding specific to scoobs is 30% of price paid in 02/03, 32% of price paid in 03/04 and 34% in 04/05.

so about £6450 benefit in kind next tax year that will be taxable plus any scale charges on fuel if you get private fuel as part of the deal.

Very expensive in my opinion. Get a car allowance instead!

Gaz

Yes, but if you get a car allowance you will be taxed at either 22%+10%NI or 40% (if you fall into that category) on the allowance.

£6500 taxed rudely as car benefit = c.£215 per month all in OTR etc etc. Your down £215 a month.
£6,000 allowance (income!) after rude tax = £3600, not much Scoob for £300 per month especially when running costs (petrol apart) equate to c.£120 per month......but against the above....the Qu is can you buy and run the car for less than £515 per month, I don't think so.
Some people do pretend to by purchasing with a fat baloon in the back end of their finance but in the end you pay more....much more.
Against all that you have to factor in depreciation. Spending £2500 per year in extra tax gets you a car that you do not own but in three years the car will prob have depreciated by £7500 anyway. If you buy the car on finance then the interest has to be taken into account.......I give up this needs a spreadsheet to work it out.

Glad I just bought mine, no dilemma

What I'm getting at is not the taxable benefit but the g/KM value of pollution that the scoob emits - as this will base the percentage of the overall value that the tax will be...

Main story in the Daily Mail this morning. Mind you, it made me laugh, because they have printed a table with amounts of tax you pay against certain cars in both tax brackets. I want to know who has a job, where:

a) They are in the 22% tax bracket
B) Get to drive one of the following cars

BMW 750iL 5.4
Merc S430iL
Range Rover 4.6 Vouge
Jaguar XJ Executive
Lexus GS300
Merc E220 2.2 CDI
Jaguar X-Type

There are a few more down the list, but could *anybody* realistically run one of these as a basic rate tax payer?

I keep getting humour off people at work for having the Scoob. At 238mg/km of CO2,its not the best of cars to have under a CCS but the list price keeps it down to acceptable levels.

I still claim Im better off taking the car and paying the tax, rather than taking the cash and loosing 1/2 of it in tax and NI. Don't have to worry about road tax, servicing, tyres etc. all I do is put petrol in. I'll think again when the lease is up in 2.5 years.

Wot you need is a Smart Car. £396 Tax a year :) Bargin.

--
Mike

Anorak time. Assumuming car allowance of £5500/yr
If you pay 40% tax and car is for 4yrs.....
A value in 4yrs of around £9000 will ensure you will be financially better off in 4yrs time taking the money.
If you pay 22% tax and car is for 4yrs.....
A value in 4yrs of around £10000 will ensure you will be financially better off in 4yrs time taking the money.
This is all hyperthetical of course as the cost for most people is that shelled out each month.
40% tax payer Allowance funded car £400/mth out of your existing income, Co. car £216/mth.
40% tax payer Allowance funded car £318/mth out of your existing income, Co. car £119/mth.

Make your own mind up.

Given the fact that uk.gov will charge according to emissions surely employees who do little personal mileage should receive a reduction in their tax bill. I thought individuals paid tax according to the vehicle emissions via Road Tax? The new scale charge is set by emissions. Higher personal mileage should not effect individuals because of this reason but companies should cough up extra tax for higher business miles thus shifting the responsibility for protecting the environment onto those companies whose employees cover massive mileage each year not Mr worker who uses the car at the weekend to ferry the shopping around.