Originally posted by SeanT
View Post
- Visitors can check out the Forum FAQ by clicking this link. You have to register before you can post: click the REGISTER link above to proceed. To start viewing messages, select the forum that you want to visit from the selection below. View our Forum Privacy Policy.
- Want to receive the latest contracting news and advice straight to your inbox? Sign up to the ContractorUK newsletter here. Every sign up will also be entered into a draw to WIN £100 Amazon vouchers!
Salary sacrifice ULEV / company car ULEV
Collapse
X
-
-
Oh dear. 5 cars (All Jaguar's, from a derv to a stonking V8) and two bikes. My van just failed it's MOT rather spectacularly so it's going to become a "loss".Comment
-
Originally posted by SeanT View PostExactly, I'm wondering when the 100% FYA for ULEV will be abolished completely, they already dropped it to 50g/km from April '18
https://www.fleetnews.co.uk/fleet-fa...-bik-bands-/3/
I'm not sure what the BMW hybrids' electric ranges are, but FWIW, even the mainstream electric cars like Nissan Leaf and soon Tesla model 3 will have electric range well over 130 miles in the 2018+ versions. I expect real world ranges of 200 to 300+ miles will be very common by 2020.
Of course this all depends if the Tories will honour these rates; they do have a history of cutting anything envionmentally progressive to the point it's not viable. A mainstream decent electric car like the Nissan Leaf (and soon Tesla Model 3) costing around £30k is not worth buying through the company for a standard rate dividend payer, while for a higher rate payer it's not worth except on low business mileage.
But on expensive cars it's easily worth getting through the company, and I'd bet on it staying that way. Tories only recently announced the 2020 changes I mentioned above, and even if Labour comes into power they'll likely adopt environmentally progressive policies which will benefit everyone.
This reminds me of when solar panel incentives were cut a few years ago, to the point it was no longer viable for anybody to invest in them. At the time I looked at other green investments out of interest, and the only one that was still viable on a pure cost basis was ground source heating. Funnily enough, it was by far the most expensive option with a capital cost of around £20k, and also required a large south facing garden of the a size that relatively few people will have. But for anybody who had the funds and the garden space, there were annual incentives worth a guaranteed profit of around 30% IIRC on a £20k investment, over something like 7 years - even before the energy savings were considered!
Great to see see the Tories are helping (the top 5%) to make environmentally progressive and economically sound investmentsLast edited by Zylon; 11 November 2017, 14:44.Comment
-
@Zylon well, I guess you could argue (I'm not) that the top 5% will have proportionally a much larger carbon foot print that those lower down the income scale. Those people are far more likely to be running large cars, (and more than one) live in a large centrally heated house, perhaps with a swimming pool, obviously consume much more electricity and gas and generally have far higher per capita spending on non essentials. So, economically, on a bang per green buck basis it is probably a reasonable use of scarce resources?Public Service Posting by the BBC - Bloggs Bulls**t Corp.
Officially CUK certified - Thick as f**k.Comment
-
Originally posted by Fred Bloggs View Post@Zylon well, I guess you could argue (I'm not) that the top 5% will have proportionally a much larger carbon foot print that those lower down the income scale. Those people are far more likely to be running large cars, (and more than one) live in a large centrally heated house, perhaps with a swimming pool, obviously consume much more electricity and gas and generally have far higher per capita spending on non essentials. So, economically, on a bang per green buck basis it is probably a reasonable use of scarce resources?
However, in the case of green energy subsidies, no it wasn't the best bang for buck in any sense. The energy savings were of a similar magnitude but the solar panel incentives were worth a few hundred pounds per year, while ground source heat pump were worth several thousand. When the incentive is so strong that it provides a strong profit above what's already a sound investment in its own right, it's just a taxpayer funded giveaway.
Also, spend per household is higher in the wealthy groups, but not by a huge margin. Rather, poorer households spend a much higher proportion of their income on fuel. (https://www.ons.gov.uk/peoplepopulat...yearending2016)Comment
- Home
- News & Features
- First Timers
- IR35 / S660 / BN66
- Employee Benefit Trusts
- Agency Workers Regulations
- MSC Legislation
- Limited Companies
- Dividends
- Umbrella Company
- VAT / Flat Rate VAT
- Job News & Guides
- Money News & Guides
- Guide to Contracts
- Successful Contracting
- Contracting Overseas
- Contractor Calculators
- MVL
- Contractor Expenses
Advertisers
Contractor Services
CUK News
- Streamline Your Retirement with iSIPP: A Solution for Contractor Pensions Sep 1 09:13
- Making the most of pension lump sums: overview for contractors Sep 1 08:36
- Umbrella company tribunal cases are opening up; are your wages subject to unlawful deductions, too? Aug 31 08:38
- Contractors, relabelling 'labour' as 'services' to appear 'fully contracted out' won't dupe IR35 inspectors Aug 31 08:30
- How often does HMRC check tax returns? Aug 30 08:27
- Work-life balance as an IT contractor: 5 top tips from a tech recruiter Aug 30 08:20
- Autumn Statement 2023 tipped to prioritise mental health, in a boost for UK workplaces Aug 29 08:33
- Final reminder for contractors to respond to the umbrella consultation (closing today) Aug 29 08:09
- Top 5 most in demand cyber security contract roles Aug 25 08:38
- Changes to the right to request flexible working are incoming, but how will contractors be affected? Aug 24 08:25
Comment