Vehicle Tax

[Mutley75]

[/quote]
VED should be on fuel, end of. That way we pay for the amount of road we use and the amount of pollution we create pro-rata.
[/quote]

Agree in principle.  Except 75% of what you pay at the pump is already fuel duty and VAT.  They're already getting their fair share out of the motorist.

[jaceyboy]

Stop moaning my 2002 BMW 325i is £315 per year

[dubber36]

Stop moaning my 2002 BMW 325i is £315 per year

Maybe, but you're having more fun and not suffering depreciation on a car you probably bought for the same amount as 4-5 monthlies to 'rent' a new car.

Granted, all you have to do with a new car is post pictures of it being washed each weekend, and you have the reassurance that you can take it back to the dealers if the glovebox lid creaks. So that is an argument for not having unexpected repair bills with a new car, but I reckon you are much better off in your BMW.

[Hertsman]

If a company car driver you better get in before April 2020 as that is when the new C02 WLTP figures will be used for the BIK - up to that time the previous figures will still be used. Also if car is already registered that C02 will be honoured.

But after April 2020  the new GTI TCR that I have ordered at circa 150 g/km is now showing as 178 g/km and the R is now 195 g/km which I think is about a 15 g/km rise

Not sure how that will translate in £ and its only 1-2% more as these cars at top of the banding anyway (37% is max) but its obviously just a little more we all have spend to have the cars we want

Though by 2030 we will all be travelling around in automated bubbles anyway, so it will not matter by then

I will be fine until 2022 as at least there is that bridging period in place but thought worth making those likely affected aware.

[fredgroves]

Company cars are a mugs game now, HMRC have cracked down massively because they are "unfair" - have been for a while, but certainly still are if you want to drive a juicy GTI or R.

The only company cars worth having are fully electric ones (even hybrids are getting a kicking)

If you can take the cash, do it. You'll be far better off - I know I was 2 years ago!

[Hertsman]

Company cars are a mugs game now, HMRC have cracked down massively because they are "unfair" - have been for a while, but certainly still are if you want to drive a juicy GTI or R.

The only company cars worth having are fully electric ones (even hybrids are getting a kicking)

If you can take the cash, do it. You'll be far better off - I know I was 2 years ago!

Company cars are not the luxury benefit they once were and its definitely been squeezed but there is still enough to justify the taking of one.

I get an allowance, and have in the past taken the cash and gone my own way, but when lease car got smacked and had to deal with my insurance and all the associated hassle the next time around I went via the company lease scheme

By time my allowance gets taxed that's the first dent in what can pay monthly for a private lease, then I have to find a good deal, tax and insure and pay for tyres and servicing over three years - The company car route this is all covered and with my R being smacked from rear and reversed into the passenger door, it was simply one phone call and all whisked away and done for me.

The difference between taking the company option and paying the BIK and sourcing own vehicle and taxing, insuring and keeping on the road is not as wide as you would think with the added plus of zero hassle driving.

Also the VW for some reason work out really well on my company lease as there is some pretty standard mid powered versions from other brands that have middling emissions, that cost just as much as my TCR overall, - so the benefit between going company or private lease is a judgement car by car, but VW have been the winner last 9 years for me given the good company lease prices.

Also, my cars on return have reasonable wear and tear, some door dinks and kerb rash (anything major is repaired) and most I would get charged is £250 but not once has anyone even questioned one of my return, straight to auction.

The GTI TCR that ordered is going to work out less than the R in both outlay and fuel so actually be saving bit more money a month this time around.

I could actually make money if went for a zero emission box, but decent cars have always been on of my life pleasures and happy to stump up within reason

[Jim_mk7.5]

Company cars are a mugs game now, HMRC have cracked down massively because they are "unfair" - have been for a while, but certainly still are if you want to drive a juicy GTI or R.

The only company cars worth having are fully electric ones (even hybrids are getting a kicking)

If you can take the cash, do it. You'll be far better off - I know I was 2 years ago!

Company cars are not the luxury benefit they once were and its definitely been squeezed but there is still enough to justify the taking of one.

I get an allowance, and have in the past taken the cash and gone my own way, but when lease car got smacked and had to deal with my insurance and all the associated hassle the next time around I went via the company lease scheme

By time my allowance gets taxed that's the first dent in what can pay monthly for a private lease, then I have to find a good deal, tax and insure and pay for tyres and servicing over three years - The company car route this is all covered and with my R being smacked from rear and reversed into the passenger door, it was simply one phone call and all whisked away and done for me.

The difference between taking the company option and paying the BIK and sourcing own vehicle and taxing, insuring and keeping on the road is not as wide as you would think with the added plus of zero hassle driving.

Also the VW for some reason work out really well on my company lease as there is some pretty standard mid powered versions from other brands that have middling emissions, that cost just as much as my TCR overall, - so the benefit between going company or private lease is a judgement car by car, but VW have been the winner last 9 years for me given the good company lease prices.

Also, my cars on return have reasonable wear and tear, some door dinks and kerb rash (anything major is repaired) and most I would get charged is £250 but not once has anyone even questioned one of my return, straight to auction.

The GTI TCR that ordered is going to work out less than the R in both outlay and fuel so actually be saving bit more money a month this time around.

I could actually make money if went for a zero emission box, but decent cars have always been on of my life pleasures and happy to stump up within reason

Mine is a company lease. I worked it out on my basic and it seemed pretty reasonable (circa £200 a month in tax for a brand new GTI where I just pay for personal fuel). However, my bonus is making it look a little expensive now. Think I'll have to take a car allowance next year.

[fredgroves]

It just depends on how the lease scheme is structured I guess...

I used to pay the lease payment/insurance from my gross salary (salary sacrifice) and then BIK on top. I'd imagine everyone else is the same unless your employer is being a bit naughty.

When i look at a GTI Performance with a Co2 figure of 144g/km and costing say £35k, thats a BIK bill of £373 a month (I pay 40% tax). For those that don't know - thats tax you pay every month!

You can run your own GTI Performance for far less than that and unless the lease cost really is stupidly cheap, overall you'd pay absolutely way less money.

I'm something like £100 a month better off not having the company car.... plus no silly restrictions on what i can chose. A hundred quid is a lot of extra cake in a month!

[mcmaddy]

Salary Sacrifice schemes from gross pay are now frowned upon by the snow flake public at least for local government employees anyway. We can only have company/lease cars from net pay now so the full annual amount of payments offsets the BIK. Only cars with co2s of 150 or less are allowed and with the current diesel bashing and the added 4% in bik on them most people are going for three pot turbos like the Clio and fiesta.

[fredgroves]

If you are paying from net pay then it's just an organised personal lease scheme isn't it? It's not technically a company car? Maybe as a scheme directed at say public sector workers it might be able to offer discounts for bulk but other than that it's no different to leasing yourself?