Home > INEOS Grenadier > VAT Compliant? |
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thepetrolhead Member Since: 30 Jul 2013 Location: South West Posts: 247 |
My accountant has told me the Commercial (N1) will be eligible for super deduction, but my company will not be able to get the VAT back, due to not meeting the minimum load capacity.
Maximum load capacity is 856kg, needs to be more than 1000kg (1048kg I think!) Hopefully the pickup will be compliant 🤔 |
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30th Apr 2022 1:20pm |
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familymad Member Since: 13 Dec 2011 Location: Bucks Posts: 3481 |
Shame about the VAT. Would have been a real steal 1951 80" S1 2.0
1995 110 300TDI 1995 90 300TDI |
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14th Sep 2022 7:21pm |
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camelman Member Since: 27 Feb 2013 Location: Peak District Posts: 3372 |
That sounds like it is being treated as a car then, not a van for vat purposes? Does this imply youll also get hit for.company car tax rather than van tax as a benefit in kind? That would be huge (effectively taxed at 30% of the list price each year)
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14th Sep 2022 7:39pm |
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thepetrolhead Member Since: 30 Jul 2013 Location: South West Posts: 247 |
As I started this post some time ago.
Unfortunately, I had to cancel my order due to my accountant saying "No - you'll not get your VAT back".... I was wondering how many new buyers have successfully got their VAT back on their N1 commercial vehicles, who are not using it purely for business, but are paying the BIK for personal use. |
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4th Aug 2023 2:13pm |
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camelman Member Since: 27 Feb 2013 Location: Peak District Posts: 3372 |
BIK due to the emissions is 37% of the vehicles new list price
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4th Aug 2023 3:05pm |
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Mr Fox Member Since: 10 Sep 2011 Location: green & pleasant land Posts: 1037 |
On another forum, this was posted by a user who reached out to Ineos - it would appear to be pretty conclusive:
Source of quote: https://forums.lr4x4.com/topic/113131-the-...grenadier/ I spoke with my accountant because a 4/5 seat commercial, which wasn't a pickup, would have been a useful commercial vehicle for my business and even prior to the above his answer was: DVLA may view it as an N1 but HMRC do not. |
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4th Aug 2023 5:09pm |
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lightning Member Since: 23 Apr 2009 Location: High Peak, Derbyshire Posts: 2770 |
How did Land Rover get the new two seat Defender classified as Commercial for VAT purposes?
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25th Aug 2023 5:25pm |
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kenzle8a Member Since: 12 Feb 2020 Location: None Posts: 1074 |
I'm surprised the two seat one isn't as its got the same layout as the 110 and Disco 5 commercials which all have less than one tonne of payload.
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25th Aug 2023 5:41pm |
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lightning Member Since: 23 Apr 2009 Location: High Peak, Derbyshire Posts: 2770 |
Possibly weight of persuasion by Land Rover as l don't think the new Defender Commercial strictly qualifies.
However the fact that it does, has saved me £14,000 in tax immediately and that's not including the VAT which l can't claim as l am not VAT registered Also BIK is only £700 per year. lt makes the Defender a bit of a bargain in Commercial variant, if you can call £40,000 for a small van a bargain |
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25th Aug 2023 6:21pm |
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kenzle8a Member Since: 12 Feb 2020 Location: None Posts: 1074 |
Seems like none of them count as CDV Car derived vans or Dual Purpose, all stuck with lower speed limits,.
and none of them can be dual purpose as they weigh too much unladen. https://www.gov.uk/government/publications...e-vehicles |
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27th Aug 2023 7:03am |
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blackwolf Member Since: 03 Nov 2009 Location: South West England Posts: 17382 |
CDV vehicle type has no relevance whatsoever to a vehicle of this sort. According to Parker's guide, the annual road tax on all the models of Grenadier which the guide lists (which is only the standard version, the Trialmaster and the Fieldmaster, there is no mention of specific commercial versions) is £570 for years 2 to 6, the first year is of course even more heavily loaded. £570 per annum for years 2 to 6 appears to be the standard rate for an M1 type approved vehicle, if it was N1 it would be a mere £320 per annum without the first year loading and without the years 2 to 6 loading (so much more attractive). If the vehicle is M1 type approved it is not subject to light goods vehicle speed limits. You are correct that no Grenadier in the current line-up can fall into the definition of a Dual Purpose Vehicle since the unladen weight is too great, so any N1 type-approved variants would be speed restricted, however the saving of £3535 in road tax over the first six years makes this quite palatable. Whether ot not the vehicle is considered commercial for HMRC purposes has nothing whatsoever to do with its C&U classification or its road tax status. HMRC makes its own rules and decisions and seems to answer to no-one. |
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27th Aug 2023 9:35am |
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