JM_16v
Member
Registered: 17th Oct 05
Location: Essex Drives: GLC63S
User status: Offline
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How harsh is the tax on a company car in % Terms
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Daniel_Corsa
Premium Member
Registered: 21st Apr 04
Location: Wigton, Cumbria
User status: Offline
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depends on what car!
April '06' Corsasport Feature Car | Aug '08' Total Vauxhall Feature Car | Spring '09' Fast Car Feature Car
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Daniel_Corsa
Premium Member
Registered: 21st Apr 04
Location: Wigton, Cumbria
User status: Offline
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Link to Calc
April '06' Corsasport Feature Car | Aug '08' Total Vauxhall Feature Car | Spring '09' Fast Car Feature Car
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Bram
Member
Registered: 25th Mar 02
Location: Derby
User status: Offline
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I've had a 58 plate Focus 2.0 TDCi Titanium from new, costs me about £60 a month in real terms. Not bad for saying thats insurance, tax, servicing, tyres, breakdown cover, depreciation etc all being taken care of!
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JM_16v
Member
Registered: 17th Oct 05
Location: Essex Drives: GLC63S
User status: Offline
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found that!
just was wondering roughly, 10% 20%
not had an offer yet
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JM_16v
Member
Registered: 17th Oct 05
Location: Essex Drives: GLC63S
User status: Offline
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quote: Originally posted by Bram
I've had a 58 plate Focus 2.0 TDCi Titanium from new, costs me about £60 a month in real terms. Not bad for saying thats insurance, tax, servicing, tyres, breakdown cover, depreciation etc all being taken care of!
kinda thing i wanted to know
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Gareth
Member
Registered: 2nd Mar 00
Location: Derby, Drives: EVO VIII MR & pug 308
User status: Offline
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pay £70 for mine
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pow
Premium Member
Registered: 11th Sep 06
Location: Hazlemere, Buckinghamshire
User status: Offline
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You have to pay for fuel though, yeah?
YOu can have a personal fuel allowance, Dad gets that.
Pays £130 odd for a Prius, everything included, personal fuel as well.
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M16KE B
Member
Registered: 24th Feb 04
Location: Stirling
User status: Offline
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i pay £90-100 p/m for my 1.9 TDi Jetta. all fuel included. Also, servicing, tyres, etc is all included.
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pow
Premium Member
Registered: 11th Sep 06
Location: Hazlemere, Buckinghamshire
User status: Offline
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Does it shift if you earn more? (20% or 40% band?)
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DaveyLC
Member
Registered: 8th Oct 08
Location: Berkshire
User status: Offline
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I wish my place did company cars
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BYRON
Member
Registered: 1st Jun 04
User status: Offline
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quote: Originally posted by pow
Does it shift if you earn more? (20% or 40% band?)
Yes.
Your tax is based on the p11d price of the car & the c02.
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pow
Premium Member
Registered: 11th Sep 06
Location: Hazlemere, Buckinghamshire
User status: Offline
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A company car would mean more expence for me beause i'd HAVE to have something to fiddle with of a weekend
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pow
Premium Member
Registered: 11th Sep 06
Location: Hazlemere, Buckinghamshire
User status: Offline
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quote: Originally posted by BYRON
quote: Originally posted by pow
Does it shift if you earn more? (20% or 40% band?)
Yes.
Your tax is based on the p11d price of the car & the c02.
Thats why a Prius costs more than a Jetta then Ta
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DaveyLC
Member
Registered: 8th Oct 08
Location: Berkshire
User status: Offline
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quote: Originally posted by pow
A company car would mean more expence for me beause i'd HAVE to have something to fiddle with of a weekend
Thats the point though cheaper to have a company car as a daily driver (dont have to worry about insurance/tax/mot/servicing) and then have something fun for the weekends
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pow
Premium Member
Registered: 11th Sep 06
Location: Hazlemere, Buckinghamshire
User status: Offline
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I want a Mito
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Bram
Member
Registered: 25th Mar 02
Location: Derby
User status: Offline
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I don't have a fuel allowance but I claim my 'business' miles back through expenses. I like to go the long way round to everywhere
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AlunJ
Member
Registered: 3rd Apr 07
Location: Newport
User status: Offline
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quote: Originally posted by pow
I want a Mito
+1
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Paul_J
Member
Registered: 6th Jun 02
Location: London
User status: Offline
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quote: Originally posted by DaveyLC
I wish my place did company cars
+1
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dannymccann
Member
Registered: 9th Aug 06
Location: Doddington, Lincolnshire
User status: Offline
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Also, if you do get offered one you either need ALL fuel paid for by the company (on a fuel card/credit card w/e), or none at all.
If you put partial contribution towards fuel you get taxed fully on the chargeable amount set by HMRC
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