[/quote]My fag packet maths works out I'm getting a £38k car at a nett cost to me personally of £21k after all the tax savings and grant are taken into account.
That means as Jim Bowen would say "here's the money you could have had". If I keep it 5 years then.....
Now about fuel rates....
Whilst it says Hybrids are treated as petrol or diesel for purposes of the calculation. .But then...
says you don't get a mileage allowance for electirc - as you say it not a fuel.
I think the best think is to keep a track of how much you use the REX and only stick in a claim for journeys where the distance is over the battery range. I've got a 160 mile drive to my client site, stay there for 2 weeks and come back for the weekend. So I definetely need to be getting something for fuel.
Wasn't happy when I got home and spotted on the invoice "SEAL : Seal and Protect £524!" LOL that will be coming off.[/quote]
Not sure how you get to £21k. The £38k is reduced to £33 by the government grant, then you will get 20% of that against corporation tax, which is £6,600. Are you including the zero road tax and tax relief on contract purchase interest costs? Am I missing something?
I intend to claim 14p per mile as a hybrid. I have to pay for the electric (albeit much less than petrol) and it is not my fault that HMRC have not come up with a figure for electric. If I am running the Rex, as I will on some trips, I will only be getting 30-40mpg (why is that when you can get in excess of 50mpg when you put it in their scooter?). Therefore, the only option is to charge 14p per mile and the government benefit from us helping them with their clean air commitments. I am sure they will base BIK on the full £38k as well, not on the amount we actually pay. And once they have got us into electric they will doubtless tax us to the hilt again!