News: February 2013
Low emission cars
Still on the subject of cars used for business, but this time where you buy for cash or via a loan or HP agreement, rather than lease, there are new timing issues to watch out for. These affect the availability of the 100% tax write-off which is claimable currently where the CO2 emissions do not exceed 110 g/km.
That level reduces sharply to 95 g/km from 1 April 2013, with the 100% tax write-off planned to end completely on 31 March 2015. The reduction to 95 g/km eliminates cars such as the Mini Cooper 1.6D and BMW 320d Efficient Dynamics which currently qualify, so careful planning on the timing of the purchase of a low emission car is essential.