Post 133544 by T5 Ben on 2006-08-12 17:16:17
Hi all,does anyone here know the laws on company car tax?
I have a van that is over three years old so tax is £350 a year,if it's a new one then you pay £500 a year.
I don't use the van privately and my boss has stated this in a letter to the tax office so i dont pay any now.
Looking at the rates for 07-08 it goes up to £3000 a year!
My main query is if i got a 4x4 pick up say a Nissan Navara what tax would i have to pay,does this qualify as a car or van?I would probably use this privately to.I have to bring my van home as i'm on call to,does this make any difference?
Thanks in advance
Ben.:snail:
Post 133624 by poochingaround on 2006-08-12 22:56:11
If you use the van to travel to and from the place of work this is classed as private mileage.If you register your home as a place of work you are exempt plus other tax friendly benefits are available.
Post 133641 by M44K TS on 2006-08-13 00:32:04
would a Navara not qualify as a commercial vehicle?
Post 133664 by T5ER on 2006-08-13 09:43:35
[QUOTE=T5Mark]would a Navara not qualify as a commercial vehicle?[/QUOTE]
You are correct all pick ups are classed as comercial vehicles
Post 133671 by T5 Ben on 2006-08-13 10:34:27
How hard/easy is it to register your home as your business as i am employed,and my office is 26 miles away.Would i have to get my boss to write a letter stating that i go straight to jobs from home?Which i normally do anyway.Thanks for all the help.
Ben:snail:
Post 133673 by T5ER on 2006-08-13 10:37:23
[QUOTE=Ben 77]How hard/easy is it to register your home as your business as i am employed,and my office is 26 miles away.Would i have to get my boss to write a letter stating that i go straight to jobs from home?Which i normally do anyway.Thanks for all the help.
Ben:snail:[/QUOTE]
not sure mate you need to speak to a taxman/your employer about it tbh
Post 133728 by poochingaround on 2006-08-13 12:48:11
See an accountant register home as an office install a fax machine to send /recieve work related info
Post 134070 by stuAWD on 2006-08-14 10:54:34
When you state the figures £350, £500, & £3000, you only pay a percentage of this figure. Off the top of my head its about 10% that you actually pay as an employee.
Pick-ups are to be de-allocated their status as commercial vehicles, I think that happens this year sometime. This has come about because company directors have been purchasing/using pick-ups instead of the usual company car, so as to avoid paying tax on them.
I know this all sounds a bit vague, but I have some literature somewhere, I will see if I can dig it out.
Post 134074 by T5 Ben on 2006-08-14 11:05:54
Thanks mate,that would be great if you could,might save me some money!
Ben:snail:
Post 134446 by stuAWD on 2006-08-15 11:07:50
Sorry can't find the literature, but give your local tax office a bell they should have some leaflets on the matter.
Post 134622 by T5 Ben on 2006-08-15 21:01:30
Will do mate,thanks for looking.
Ben:snail: