- Thread starter fizzy
- Start date
hotponyshoes
Member
- Messages
- 6,950
- Location
- Somerset. Uk
If you already have one (or get/order one soon) then you can have another 4 years at the existing rates.
I don't know how many company cars.are older than 4-5yrs so I can't see the prices of them falling rapidly.
I'll grab myself one if they do start shifting them at half price!
I don't know how many company cars.are older than 4-5yrs so I can't see the prices of them falling rapidly.
I'll grab myself one if they do start shifting them at half price!
The problem for me is I have them on a rolling monthly "rental" rather than a lease. I get unlimited mileage that way. It's not like I can get one before July and be sorted for a few years - unless perhaps the rental company can do some sort of rewording. I know they lease them direct from Ford anyway.
prepman
Forum Supporter
- Messages
- 2,700
- Location
- Gwynedd UK
Yes.... seating isn't the criteria. So I shouldn't come under this with my double cab Hilux. It's 69 reg anyway.
Since the CocaCola ruling they do come into this - unless the manufactures etc appeal it again.
hotponyshoes
Member
- Messages
- 6,950
- Location
- Somerset. Uk
So do you run a limited company that leases the truck/s and then you (or employee's) drive it as a company car?
Yes pretty much.
brightspark
Member
- Messages
- 40,181
- Location
- yarm stockton on tees
theres hardly any car derived vans left now
ive always had peugeot partners and they were unlimited speed . there a pannel van and restricted speed now. 60 on dual carriageways and 50 single 
fiestas are ok but smallA quick scan round the units on our estate (mostly family owned businesses) suggests that most, like us, buy outright and expect a vehicle to last a good 15-20 years.
My Amarok is an example - 5 years old now, however in 4 years time under new rules will incur full car-like BiK if not left in the yard every night. At that point, it will be 9 years old, yet the BiK will be calculated on the full retail price when new. Assuming we do keep it going for another 5 - 10 years after that, the "Benefit in Kind" tax for the second half of ownership could exceed the original purchase price of the vehicle.
As usual, I feel like the small business / tradesman are being stiffed by city-based civil servants who have no experience of understanding of the real world. They imagine company vehicles are free perks which must be penalised by tax, rather than a significant business investment which has already paid for out of the profits which would otherwise have been paid to the tradesman.
Disco is still commercial,was talking to an ineos guy who said there commercial is classed as a car, go figure
blackolive (Ste)
Member
- Messages
- 1,349
- Location
- Chorley
I bet the local refuse centre will treat them as commercials and make you apply for a permit telling them what you intend to take there before you even know yourself 
hotponyshoes
Member
- Messages
- 6,950
- Location
- Somerset. Uk
Just buy the car from the business and get it back at 45p/25p a mile to use it.
CompoSimmonite
Member
- Messages
- 5,786
- Location
- Werrington, Staffordshire Moorlands.
Not sure it'd affect farmers, who will be self employed, as from what I've seen it closes the loophole for people who get reduced employee company vehicle deduction in their tax code by having a crewcab pick-up rather than a car.Yes another loophole closed. No more tax relief on crew cab pickups. Just screw us over more and more.
Defender commercial next time for me then. Might help JLRs sales anyway as they don't offer a pickup.
Lot's of farmers will be hit by this.
CompoSimmonite
Member
- Messages
- 5,786
- Location
- Werrington, Staffordshire Moorlands.
It's actually doubles ORDERED before 1st July
CompoSimmonite
Member
- Messages
- 5,786
- Location
- Werrington, Staffordshire Moorlands.
Unless things have changed (since I retired many years ago from H M Inspector of Taxes
) company gets full lease payments as an expense against their tax bill however if they buy the vehicle then all they get is a capital allowance (depreciation)This is fundamentally where this change is legislation is short-sighted. There's a difference between the HMRC view of an office worker getting a company vehicle as a "perk" and a tradesman parking a company van in their drive overnight and being allowed to use it to go the shops. In my book, a pickup liveried in the company brand with chapter 8 chevrons on the tailgate, side conspicuity stripes, amber beacon on the roof, back full of tools and half the time towing a plant trailer is the definition of a "Commercial vehicle", which is perfectly reasonable to incur a lower BiK tax than shiny family car which is replaced every 3 years.
Our fleet insurance policy specifically prohibits insuring employee-owned vehicles, and you can't get any driver insurance on personal policies these days - not to mention I already own a car for my private use and there's no way I would let my staff drive my own car!
Commercial vehicles incur a lower BiK for precisely this reason - there's a difference having personal use of a commercial vehicle and having personal use of a car. Whilst I'm sure there are probably a number people choosing a pickup as a company car to pay less tax, this seems to unduly penalise tradesmen who use them as a workhorse for getting staff and equipment on to site.
CompoSimmonite
Member
- Messages
- 5,786
- Location
- Werrington, Staffordshire Moorlands.
Only problem it the current rate probably isn't high enough to cover. Back in late 80's we used to get mileage allowance based on engine capacity. I used a 1600cc Cortina and got 43p mile. If i used my 3.4 XJ6 then the rate was 56p mile.
45p / 25p rate hasn't changed in around 20 years.
Remember around 2001 when people were blockading the oil refineries in protest at a litre of petrol hitting 90p, and when a year's any-driver insurance was around £200? That was when those rates were set!
Remember around 2001 when people were blockading the oil refineries in protest at a litre of petrol hitting 90p, and when a year's any-driver insurance was around £200? That was when those rates were set!
keithski122
Member
- Messages
- 1,902
I'll probably get shot down for saying this but my boss has a mitsubishi double cab (probably for tax reasons) as a working pick up it looks like it has less load space than the mini pick up I owned when I was 17.
