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.