Choose the right Volvo for your fleet policy
Fleet Decision Makers
(Company Car Drivers click here)
Implications to consider:
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Class 1A National Insurance ( 13.8%) paid by employers and linked to CO2 of the car and also chargeable on any private fuel benefit provided |
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Vehicle Excise Duty linked to CO2 |
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Capital allowances, which affects the rate at which companies can write down the cost of buying cars against taxable profits. |
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Sub 110g/km – 100% write down in year 1 (reducing to 95g/km, April 2013) |
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111-160g/km – 18% each year on a reducing balance basis (reducing to 96g/km to 130g/km, April 2013) |
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Above 160g/km – 8% each year on a reducing balance basis (reducing to above 130g/km, April 2013) |
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Lease rental restriction, the amount of the lease rental payments claimable against corporation tax |
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Under 160g/km fully deductible against taxable profits ( reducing to under 130g/km, April 2103) |
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Above 160g/km 85% deductible against taxable profits (reducing to above 130g/km, April 2013) |
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Lower C02 can often mean better fuel economy and be linked to other fuel saving Drive-e technologies, such as Start/Stop function |
