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Zed



Member Since: 07 Oct 2017
Location: In the woods
Posts: 3312

United Kingdom 2010 Defender 110 Puma 2.4 XS CSW Santorini Black
I see Sir Jim has done another runner to avoid the tax man. WARNING.
This post may contain sarcasm.
Post #858125 25th Sep 2020 5:47pm
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Julie



Member Since: 07 Oct 2017
Location: Nantes
Posts: 498

France 2012 Defender 110 Puma 2.2 SW Keswick Green
Yeah, the Brexiteer Ratcliffe is gonna join us - his car production in France - his domicile in Monaco

https://www.theguardian.com/business/2020/...s-domicile

"His decision to quit Britain came soon after he was knighted by the Queen"

at least he's gonna take profit from mild winters. Good choice Thumbs Up
Post #858158 25th Sep 2020 9:08pm
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Tim in Scotland



Member Since: 23 May 2007
Location: The Land that time forgot
Posts: 3753

 
According to the Monaco Govt website Monaco is not part of the EU but acts as a 3rd party state
https://en.gouv.mc/Policy-Practice/Monaco-...pean-Union Pangea Green D250 90 HSE with Air Suspension, Off-road Pack, Towing Pack, Black Contrast roof , rear recovery eyes, Front bash plate, Classic flaps all round, extended wheel arch kit and a few bits from PowerfulUK Expel Clear Gloss PPF to come
2020 D240 1st Edition in Pangea Green with Acorn interior. Now gone - old faithful, no mechanical issues whatsoever ever but the leaks and rattles all over the place won’t be missed!
Post #858179 26th Sep 2020 7:00am
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Julie



Member Since: 07 Oct 2017
Location: Nantes
Posts: 498

France 2012 Defender 110 Puma 2.2 SW Keswick Green
Yeah, Ratcliffe’s personal Brexit. Excellent performance.

Like the Channel Islands and Andorra, Monaco is outside EU.

You’ll pay with Euros and respect most EU laws anyway and enjoy the mild climat ...

Excellent move Wink


Last edited by Julie on 26th Sep 2020 7:29am. Edited 1 time in total
Post #858180 26th Sep 2020 7:17am
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Tim in Scotland



Member Since: 23 May 2007
Location: The Land that time forgot
Posts: 3753

 
I like the Monegasue Govt rule that you don’t pay tax if you are resident in Monaco for 182 days a year, I had to stay OUT of the UK for 182 days a year to receive a tax refund as a seafarer! Pangea Green D250 90 HSE with Air Suspension, Off-road Pack, Towing Pack, Black Contrast roof , rear recovery eyes, Front bash plate, Classic flaps all round, extended wheel arch kit and a few bits from PowerfulUK Expel Clear Gloss PPF to come
2020 D240 1st Edition in Pangea Green with Acorn interior. Now gone - old faithful, no mechanical issues whatsoever ever but the leaks and rattles all over the place won’t be missed!
Post #858181 26th Sep 2020 7:21am
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Supacat



Member Since: 16 Oct 2012
Location: West Yorkshire
Posts: 11018

United Kingdom 2013 Defender 110 Puma 2.2 XS DCPU Keswick Green
Zed wrote:
I see Sir Jim has done another runner to avoid the tax man.


It's interesting his last UK tax bill was reported as being £110 million - roughly equivalent to about the sponsorship money he's supposed to be putting into Mercedes F1 team. So he's just cutting the middleman out initially, the money is all being used to support a UK based company employing somewhere around 2,000(?) people mainly in the UK.

We all avoid the tax man where and when we can, just so long as it doesn't slip into evasion...
Post #858185 26th Sep 2020 7:47am
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Julie



Member Since: 07 Oct 2017
Location: Nantes
Posts: 498

France 2012 Defender 110 Puma 2.2 SW Keswick Green
Yeah, that’s a Eutopean rule, too. The state where you passed most of days within one year is gonna tax you. But each and every income can be taxed where it is generated. If you live in Monaco and live from your shares deposed in a Monégasque banque , no problème. If you own a car plant in France, you will have to pay taxes for this income in France etc.

And the future of the Grenadier in France seems a bit dark to me. We have a huge CO2 malus due at first immatriculation (a new Defender : € 10500) In 2021 they are going to add a kg malus for heavy cars (10 €/kg for any kg being added to the weight limit of 1400 kg ). The first immatriculation of a Grenadier will cost you tens of thousands of €€€

At least here in France, only a very rich person can afford the Grenadier
In the EU the time of 5 place utility cars is over (since 2014). In my eyes only the New Defender Hard Top (2+1 places) could potentially escape these maluses being a real utility car (but not a Hard Top neither a real 4x4 on a steel frame)
Post #858196 26th Sep 2020 8:46am
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Zed



Member Since: 07 Oct 2017
Location: In the woods
Posts: 3312

United Kingdom 2010 Defender 110 Puma 2.4 XS CSW Santorini Black
Supacat wrote:
Zed wrote:
I see Sir Jim has done another runner to avoid the tax man.


It's interesting his last UK tax bill was reported as being £110 million - roughly equivalent to about the sponsorship money he's supposed to be putting into Mercedes F1 team. So he's just cutting the middleman out initially, the money is all being used to support a UK based company employing somewhere around 2,000(?) people mainly in the UK.

We all avoid the tax man where and when we can, just so long as it doesn't slip into evasion...


Most likely that sponsorship money is a tax write off for Ineos. Certainly not a personal payment out of his earnings. Obviously it's his business where he chooses to pay tax but fly the flag Britons like Ratcliffe, Dyson, Green, Branson etc prefer to leave the country for tax reasons once their Knighthood is in the bag rather than paying their dues like everybody else. WARNING.
This post may contain sarcasm.
Post #858238 26th Sep 2020 2:09pm
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Zed



Member Since: 07 Oct 2017
Location: In the woods
Posts: 3312

United Kingdom 2010 Defender 110 Puma 2.4 XS CSW Santorini Black
https://www.instagram.com/p/CFmA664ns4K/?igshid=nxevdhsoj12z WARNING.
This post may contain sarcasm.
Post #858264 26th Sep 2020 4:34pm
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tookaphotoof



Member Since: 18 Mar 2013
Location: dordrecht
Posts: 1279

Netherlands 2013 Defender 130 Puma 2.2 HCPU Santorini Black
Julie, Think 10k is much? You can’t get a Defender under 100k euro over here. Any idea how much money is tax?
Anyways... Think they now want us to pay VAT even over the co2 tax. That’s erm... tax over tax. That will make one expensive Defender I guess. 😳😂
Post #858274 26th Sep 2020 5:08pm
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ickle



Member Since: 22 Jul 2010
Location: South Vendee
Posts: 1786

France 2008 Defender 110 Puma 2.4 CSW Alpine White
We went into a Toyota dealer in February to get a new Landcruiser - malus tax was E20K, came away with a 0 tax CHR hybrid!
Post #858275 26th Sep 2020 5:16pm
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Julie



Member Since: 07 Oct 2017
Location: Nantes
Posts: 498

France 2012 Defender 110 Puma 2.2 SW Keswick Green
tookaphotoof wrote:
Julie, Think 10k is much? You can’t get a Defender under 100k euro over here. Any idea how much money is tax?
Anyways... Think they now want us to pay VAT even over the co2 tax. That’s erm... tax over tax. That will make one expensive Defender I guess. 😳😂


If you want to buy a New Defender here in France
1) you pay € 10500 CO2 tax ( = eco malus) in 2020 and probably 12...15000 or even more in 2021
2) you pay the new weight tax ( = eco malus +) which will be another € 12...15000 in 2021 which is going to add itself to the CO2 tax
i.e. the government is gonna invoice and earn € 25 K - and you will have to pay your car, too Neutral

For a brand-new Defender from Solihull you had to pay € 25 K + € 350 taxes for immatriculation.

I bet that any 4X4 in 2021 will be at €100K minimum ( car price + taxes). GRENADIER / NEW DEFENDER REPLACEMENT / TOYO / HILUX / GWAGGON - They become quite a costly adventure for the very rich. That's how things have changed in the past 10 yrs.

And that's why some people pay almost any price for a ten year old 4X4
Post #858320 26th Sep 2020 9:56pm
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Julie



Member Since: 07 Oct 2017
Location: Nantes
Posts: 498

France 2012 Defender 110 Puma 2.2 SW Keswick Green
ickle wrote:
We went into a Toyota dealer in February to get a new Landcruiser - malus tax was E20K, came away with a 0 tax CHR hybrid!


Didn't you think about the Landcruiser commercial van that escapes the malus ?

https://www.whatvan.co.uk/test-drives/the-...ial-(2018)
Post #858322 26th Sep 2020 10:09pm
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Supacat



Member Since: 16 Oct 2012
Location: West Yorkshire
Posts: 11018

United Kingdom 2013 Defender 110 Puma 2.2 XS DCPU Keswick Green
Zed wrote:
Most likely that sponsorship money is a tax write off for Ineos. Certainly not a personal payment out of his earnings.


Yes absolutely, I was just indulging in some billionaire man maths. Wink

New article here, although I don't think it adds an awful lot new?

https://www.autocar.co.uk/car-news/feature...ial-roader
Post #858334 27th Sep 2020 6:27am
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tookaphotoof



Member Since: 18 Mar 2013
Location: dordrecht
Posts: 1279

Netherlands 2013 Defender 130 Puma 2.2 HCPU Santorini Black
Julie wrote:
tookaphotoof wrote:
Julie, Think 10k is much? You can’t get a Defender under 100k euro over here. Any idea how much money is tax?
Anyways... Think they now want us to pay VAT even over the co2 tax. That’s erm... tax over tax. That will make one expensive Defender I guess. 😳😂


If you want to buy a New Defender here in France
1) you pay € 10500 CO2 tax ( = eco malus) in 2020 and probably 12...15000 or even more in 2021
2) you pay the new weight tax ( = eco malus +) which will be another € 12...15000 in 2021 which is going to add itself to the CO2 tax
i.e. the government is gonna invoice and earn € 25 K - and you will have to pay your car, too Neutral

For a brand-new Defender from Solihull you had to pay € 25 K + € 350 taxes for immatriculation.

I bet that any 4X4 in 2021 will be at €100K minimum ( car price + taxes). GRENADIER / NEW DEFENDER REPLACEMENT / TOYO / HILUX / GWAGGON - They become quite a costly adventure for the very rich. That's how things have changed in the past 10 yrs.

And that's why some people pay almost any price for a ten year old 4X4


The problem we have in the Netherlands because of CO2 taxes...


Click image to enlarge


Completely in base spec.
Was looking into a new HiLux on commercial plates. Not possible unless you give up the rear seats. Leave them in and your looking at the same kind of taxes. Luckily I don’t like the design of the Grenadier. One less car to be sad about... Mr. Green
Post #858416 27th Sep 2020 3:49pm
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