Cheap company cars

We all know that in an effort to be seen as ‘green’, the government have increased the tax payable on company cars to such an extent that it is really not worth having one now.

However, there are few instances when you can get a ‘cheaply taxed’ company car:

Classic cars
If the car is more than 15 years old and valued at less than £15k, the tax bill is calculated on its list price when originally new (probably about £1,000 for a Jaguar rather than £50,000 for the modern day equivalent) which will save you £’000s.

Vans
We’ve all seen the sort of thing, 4×4s which look like a car from the inside, have four seats but could also carry a load of scaffolding should you need to. Again, these can be taxed at much lower rates than the equivalent car.

Green cars
If the CO2 emissions of the car are less than 140g/km they will fall in the lowest 15% tax bracket and if below 120g/km the whole cost of the car can be written off against tax on day one.

Ferraris
The maximum list price that your tax bill is based on is £80,000 so buying that Ferrari or Rolls Royce will effectively be saving you tax!