Msport ranger and tax

Msport ranger and tax

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Discussion

lee_fr200

Original Poster:

5,539 posts

197 months

Friday 28th July 2017
quotequote all
M sport Ford ranger!


Anyone have a ranger or m sport variant?
What you think of it?

I'm thinking of chopping in my 2016 gti pp for one.

Now as a business purchase I understand I can reclaim the vat on commercial vehicles so if it's 35k ex vat but £41 with vat would I still have to pay the higher over 40k tax threshold? Or is it different taxation for commercial vehicles full stop

Cheers in advance

Mammasaid

4,299 posts

104 months

Friday 28th July 2017
quotequote all
It's a LCV, so different taxation completely to a car. LCV rfl is a flat rate of £235 per annum.

2 things to check as regards a Ranger,

1. Unladen weight - if it's over 2040 kg its subject to lower speed limits.
2. Carrying capacity (especially if you plan to put a canopy on it. if the capacity goes below 1045 kg, then it's not classed as a LCV and subject to higher private taxation class.


twing

5,195 posts

138 months

Friday 28th July 2017
quotequote all
£240 / month now mate but OP is talking income tax.

I've had customers have big problems with HMRC & double cabs. If you read the relevant pages online it appears that it's registered as an LCV and should be taxed as such but in reality it can be a real pain. I drove one as a company vehicle for a year and got hammered by the tax man. They insisted on taxing it as a car with super high emissions and hundreds of calls & emails got me nowhere.

Edited by twing on Friday 28th July 13:10

lee_fr200

Original Poster:

5,539 posts

197 months

Friday 28th July 2017
quotequote all
I never even thought of the tax man

I was on about rfl but they're both to take into consideration

twing

5,195 posts

138 months

Friday 28th July 2017
quotequote all
lee_fr200 said:
I never even thought of the tax man

I was on about rfl but they're both to take into consideration
Oh, ok, £240/year then if its LCV