Possible VAT cut on Dooper in 2008 budget?

[airbusA346]

Quote: Originally Posted by Stiggy (original)

Was that all?

Yes that was all!

And he wants the EU to lower the CO2 target from 130g to 100g.

[Stiggy]

Ah well, all those new Dooper owners can relax a bit now!

[dlpruk]

That idiot chancellor would have done better to have read the advice here instead of digging himself, and us all, deeper into the mire.

[Mejy Poo]

After all that!!

Disappointed

[bob corbishley]

If you read the full budget document you will see the the VED on the new band B (101-110 g/km) for the 2009-2010 year is now £20 so we'll save £15 a year.

Also the 100% writing down allowance for low emitting cars will continue until 2013 but only for cars below 110g/km so the nice discount for business users is still available too!

[dlpruk]

The Chancellor didn't bother to tell anyone but the Treasury's Financial Statement hides some good news. I have only checked my Clubman brochure but it appears that the VED (tax disc) standard rates are to fall for all MINIs, comparing the 2009-10 rates with 2008/9 :

Cooper Clubman D - from £35 pa to £20 pa for 2009-10.
Cooper Clubman - from £170 pa to £110 for 2009-10.
Cooper Clubman S - from £210 to £120 pa for 2009-10.

There will also be new bands H to M for vehicles emitting 151 g/km to over 255g/cm ranging from £175 pa to £440.

The full table, including the new 2010 first year rates of zero for cars emitting less than 130 g/km and rising to £950 for those emitting over 255 g/km, is attached. ( I'm glad I swapped my Jaguar for a Clubman D!)

[Washy]

I only pay £115 for my S now

[appmacguy]

Very disappointed with the budget. At least I can order my Dooper now.

[dlpruk]

Quote: Originally Posted by Washy (original)

I only pay £115 for my S now

Did you renew before the 08-09 rates applied? (There is no £115 now.)

[Shaun]

Quote: Originally Posted by dlpruk (original)

The Chancellor didn't bother to tell anyone but the Treasury's Financial Statement hides some good news. I have only checked my Clubman brochure but it appears that the VED (tax disc) standard rates are to fall for all MINIs:

Cooper Clubman D - from £35 pa to £20 pa for 2009-10.
Cooper Clubman - from £170 pa to £110 for 2009-10.
Cooper Clubman S - from £210 to £120 pa for 2009-10.

There will also be new bands H to M for vehicles emitting 151 g/km to over 255g/cm ranging from £175 pa to £440.

The full table, including the new 2010 first year rates of zero for cars emitting less than 130 g/km and rising to £950 for those emitting over 255 g/km, is attached. ( I'm glad I swapped my Jaguar for a Clubman D!)

Hang on its not £170 PA for a Cooper Clubman now is it ?
Its £115 wich has just been increased to £120 with the looks of it and then will come down

[Washy]

Quote: Originally Posted by dlpruk (original)

Did you renew before the 08-09 rates applied? (There is no £115 now.)

In Sept when the car was new...

[Shaun]

It says on that sheet the 08/09 rates are only effective as of tommorow.

Just had a quick look through some figures here glad the old S went it will be in the £300 Bracket.

[airbusA346]

Quote: Originally Posted by dlpruk (original)

The full table, including the new 2010 first year rates of zero for cars emitting less than 130 g/km and rising to £950 for those emitting over 255 g/km, is attached. ( I'm glad I swapped my Jaguar for a Clubman D!)

Jesus Christ!!!!!!!!!!!!

[Prowse]

£300 a year for my JCW, bargain,

Shares in Mercedes-Smart will be rocketing.

Our office are contemplating getting our cars de-catted, just to get our moneys-worth!

TIme for a pay-rise please?

[ViscountCharles]

Here's the official blurb from the Treasury's own website - in a nutshell, it's good news for people like me who are self-employed and thinking about buying a Dooper (whether hatch or clubman). I was thinking about a JCW, but the first year savings in terms of petrol, road tax, insurance and the write-down allowances is (for me, with my mileage) probably in the region of £5-6000 on top of the price difference at the showroom! Perhaps even more, as the JCW is over the 160g threshhold so attracts a WDA of no more than 10%. So buying the greener car becomes a no-brainer (which is after all what the Chancellor wants).



Although the threshhold for 100% first-year WDAs drops to just 110g of CO2, the Dooper stil meets that target.

Anyway, here's a cut & paste from Budget 2008: 01




With effect from 1 April 2009 for corporation tax purposes (6 April 2009 for income tax) the capital allowance treatment of all cars will be reformed. Expenditure on cars with CO2 emissions above 160g/km will attract 10 per cent Writing Down Allowance (WDA) and expenditure on cars with CO2 emissions of 160g/km or below will attract 20 per cent WDA. Subject to State aid approval, cars leased to those in receipt of certain disability allowances will be placed in the 20 per cent main pool, regardless of their CO2 performance.
The rules which disallow a proportion of car lease rental payments will be reformed in line with the new capital allowances rules. The new disallowance will be 15 per cent of the relevant payments, applied to cars dealt with in the 10 per cent special rate pool. The Government is considering the option of applying the disallowance only to the final business user in a chain of leases.
In addition to this:

• the 100 per cent first year allowances (FYA) for the cleanest cars will be extended from 31 March 2008 to 31 March 2013 and the qualifying CO2 emissions threshold will be reduced to 110g/km;
• the 100 per cent FYA for gas re-fuelling infrastructure investment will also be extended from 31 March 2008 to 31 March 2013, and its scope expanded to include biogas infrastructure;
• company car tax rates will be increased on all but the cleanest cars emitting less than 135g CO2/km or less in 2010-11;
• the incentive to drive fewer miles will be strengthened by increasing the fuel benefit charge at least in line with the Retail Prices Index from April 2009; and
• tax-free mileage allowances (AMAPs) rates and thresholds will be maintained at current levels.