 | Home > Puma (Tdci) > Company car tax...? |
 
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| blue meanie Member Since: 30 Jun 2007 Location: Newbury (ish) Posts: 43  |
yes (maybe)
 the 90 SW is treated as a passenger vehicle as far as VAT and employee benefit in kind tax is concerned, so if you drive it as a company supplied vehicle then you will be liable for BiK on the list price (£28k ish) x 35% (as it is at 266g/km ? I think ) x your tax rate ( either 20 or 40% ) obviously offest by your personal allowance, so in a worst case scenario upwards of £300 per month  at which point it would be worth doing the sums to see if you would be better off taking an allowance instead and adding that to the tax you would pay (bearing in mind you can claim back some business related costs including insurance, servicing and the difference between what you get paid per mile such as 12ppm to 40ppm for up to 10k miles per annum from the taxman ) to see whether it would be worth doing it that way. The N1 classification is a bit misleading as even though it designates the vehicle as a commercial type the vatman and taxman take different views depending on configuration, load carrying capacity, how they are feeling at the time... etc etc |
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13th Oct 2010 4:27pm |
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| BigRuss Member Since: 15 May 2010 Location: Norfolk Posts: 2785  
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Well all I will say is, yes it is a mine field which I why I don't have a company car. However get it right and you will enjoy many tax free happy miles.
But get it wrong and the tax man will come down on you like a tonne of bricks! 
The best thing you can do is go see your accountant and let them sort it out for you. Russell 2011MY 110 XS USW Black |
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13th Oct 2010 5:11pm |
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| BIGFOG Member Since: 12 Sep 2010 Location: Edenbridge Posts: 537 
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My understanding is that a CSW will be viewed as a car and you'll get clobbered. If you have a utility, ie, a load capacity of 1000 kilos and panelled out back window, like a van, then you make a great saving on the tax as I suggested before.
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13th Oct 2010 6:00pm |
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| pom Member Since: 01 Jun 2010 Location: Worcester Posts: 1343 |
there is no 'view' as to whether its a car or van. The V5 defines it.
The only viable way to have a 'company' car is for your employer to up your salary by 3k or so a year and lease one yourself. Pom |
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13th Oct 2010 7:36pm |
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| blue meanie Member Since: 30 Jun 2007 Location: Newbury (ish) Posts: 43 |
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13th Oct 2010 7:41pm |
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| BIGFOG Member Since: 12 Sep 2010 Location: Edenbridge Posts: 537
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Yes you're right, but you can have a Puma 110 Utility, which is classed as a van, but has five doors and five seats, so all the family can get in. If you bought a Puma 110 Station Wagon with the same identical five seats as the Utility version but with the addition of windows and quarterlights in the boot/loadspace area, then you have to cough up all the tax, or lease one as you say..... |
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13th Oct 2010 8:48pm |
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| pom Member Since: 01 Jun 2010 Location: Worcester Posts: 1343 |
That's because the latter is not classed as a van on the V5. They are all vans now though 
Pom |
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15th Oct 2010 7:24am |
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| ken Member Since: 18 Aug 2009 Location: Banging Birds with my bitches !! Posts: 4328
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Thought they were trucks
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15th Oct 2010 7:30am |
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