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Conference terri::cars_uk

Title:	Cars in the UK
Notice:	Please read new conference charter 1.70
Moderator:	COMICS::SHELLEYELD

Created:	Sun Mar 06 1994
Last Modified:	Fri Jun 06 1997
Last Successful Update:	Fri Jun 06 1997
Number of topics:	2584
Total number of notes:	63384

2511.0. "Want to reduce your cocar tax? 8-) " by CHEFS::POWELLM (On [email protected]) Thu Apr 18 1996 14:52

    	In the new issue of "Diesel Car and 4x4" magazine (arrived yesterday
    for my subscription one) it gives details of a legal way of reducing
    one's tax on company vehicle quite dramatically.
    
    	Apparently one may have the commercial (ie. Van) version of a 4x4
    and only �500.00 tax irrespective of company milage AND the company (or
    the leasing company) can reclaim the VAT (unlike the situation with
    cars).  There is a comparative test of the Daihatsu Fourtrack van
    conversion and the Land Rover Defender commercial version in the same
    article.  There was mention of there being a "commercial" version of
    the Land Rover Discovery as well.
    
    	It wasn't clear to me if the �500.00 tax was the amount paid or the
    amount "knocked off" one's allowances, but it seems to make for a
    substantial tax saving if one wanted a 4x4 and weren't worried about
    only having the front seats and no rear seats (or side windows).
    
    	Interesting article anyway, especially to me wot don't pay such
    tax.
    				Malcolm.

T.R	Title	User	Personal Name	Date	Lines
2511.1		CBHVAX::CBH	Mr. Creosote	`Fri Apr 19 1996 00:10`	5
	From what I understand, there're various rules regarding commercial vehicles vs. company provided vehicles for private use, such as them having to be made available to other employees most of the time, etc... Chris.
2511.2		KERNEL::IMBIERSKIT	Good frames, Bad frames...	`Fri Apr 19 1996 11:00`	7
	My brother in law used to work for southern electric and his company vehicle was a medium sized truck with a Simon Snorkel cradle on the back! He had this all the time (it really annoyed his neighbours when he parked it out front). I'll have to ask him if he was charged company car tax on it! Tony I
2511.3	Vehicle Benefits	CHEFS::HUNTLEY_R		`Fri Apr 19 1996 13:36`	16
	Below from a Tax Facts 96/97 quick reference guide: Charges as percentage of list price Under 4 Over 4 Years Old Years Old Mileage Up to 2499 35% 23.33% 2500-17999 23.33% 15.56% 18,000 plus 11.67% 7.78% Van benefit (per vehicle) �500 �350 Van benefit includes fuel for private use. Richard
2511.4		COMICS::SHELLEY	Don't get mad, get even.	`Fri Apr 19 1996 13:40`	4
	So are we saying that if you have a company van you will be taxed on 500 pounds a year regardless of business mileage ? Royston
2511.5	Yup.	CHEFS::POWELLM	On [email protected]	`Fri Apr 19 1996 13:58`	5
	It certainly seems that way Royston and the point I was offering was that it seems that the "van" ain't necessarily what you might think. Malcolm.
2511.6	Signwritten Diesel vans used to get around it...	CHEFS::HANCOCK_M	Use what you (used to) sell	`Tue Apr 23 1996 14:56`	8
	Many years ago,I worked as a service engineer for Rank Xerox.We got Astra Estates and paid tax on them,plus a fuel card also. There was also the choice of a signwritten Astra Diesel van which avoided the tax implications . Not many takers curiously enough... Mick