Until 31st March, businesses purchasing new cars with emissions of 95g/km or less are eligible for 100% tax relief, allowing the whole purchase price to be deducted from the company’s taxable income.
Peugeot is the European leader in low CO2 vehicles, and at the moment the 95g/km threshold allows your business to buy from a wide selection of exceptional cars including the 108, 208, 308, 3008 and iOn. For example, buy a Peugeot 308 1.6 BlueHDi Allure with emissions of 84g/km and a company paying tax at a rate of 20% may claim tax relief for the year of purchase of £4,189 if they buy in March. Buy in April, however, and the tax relief is just £754 in the first year.
From April the threshold changes and the emissions will not be able to exceed 75g/km if you are to qualify for the full writing down allowance. It is best to act quickly to avoid being caught by lead times. For our latest Peugeot business offers click here.
John Grose Group Ltd. Registered Office: Whapload Road, Lowestoft, Suffolk NR32 1NN Registered number 01491537.
Authorised and regulated by the Financial Conduct Authority, reference number 311058. You can check this on the
FCA’s website www.FCA.org.uk/register or by contacting the FCA on 0300 5008082. John Grose Group Ltd is a credit
broker but not a lender. In the event a financial services complaint cannot be settled between us, you may refer
to the Financial Service Ombudsman. This service is free to use. Their contact details are Financial Ombudsman Service,
Exchange Tower, London E14 9SR; telephone 0800 0234567 or 0300 1239123; email
and their website is www.financial-ombudsman.org.uk.
In the event a non-financial services complaint cannot be settled
between us, we recommend the National Conciliation Service as an organisation competent to deal with unresolved complaints.
Their contact details are National Conciliation Service, 2 Allerton Road, Central Park, Rugby, CV23 0PA; telephone 01788 538317;