Fleet and Business

At Slip End Garage we recognise that when you run your own company “time is money” that’s why our fully trained Fleet and Business advisors are available 7 days a week. We are happy to discuss your vehicle requirements or finance options here at our showroom or alternatively make an appointment for us to come to you.

We offer the full range of Citroen Commercial vehicles as well as the range of ISUZU D-Max pick-up trucks too. Alternatively if you are looking for your next company car or fleet of company cars then why not talk to us about what Citroen has to offer.

As a business owner, there are multiple ways to ensure that your company is fully equipped for the needs of both you and your clients. Explore our range of finance options to find out which method will benefit you and your business most. We can offer Contract Hire, PCP, Hire Purchase and Lease Purchase options for our business customers, giving you a range of affordable and flexible choices for you and your selected vehicles. Our fully trained advisors are waiting to talk to you 7 days a week.


BENEFIT IN KIND

Light Commercial Vehicles attract Benefit in Kind (BIK) tax advantages.

- If your LCV is for unrestricted private use, your 'benefit in kind' liability is currently £3,150 x your marginal tax rate. So a 20% tax payer will pay £630 per year, whilst a 40% tax payer will pay £1,260 per year*

- If fuel is provided by your employer for private use, an additional BIK liability of £594 applies. So the tax payable for a 20% tax payer is £118.80 per year and £237.60 per year for a 40% tax payer*

- Employees who use an LCV solely for business purposes have no BIK tax liability whatsoever

*Figures based upon information for the tax year 2015/2016



LCV Tax Allowances and Rules for Sole Traders / Partnerships

Sole traders or partnerships are unaffected by the BIK changes to 'Van tax' introduced on 6th April 2007. Tax Allowances fall into three categories:

- Capital Allowances

- VAT Allowances

- Funding Allowances

Capital Allowances

All businesses qualify for an Annual Investment Allowance giving 100% tax relief on the first £100,000 spent on qualifying expenditure in each tax year. (From April 2012 this relief will be restricted to the first £25,000 of qualifying expenditure in each tax year).

VAT Allowances

LCVs qualify for a VAT reclaim subject to the business being VAT-registered and the vehicle being purchased outright or on a finance purchase plan.

Funding Allowances

VAT on hire plan rentals (Leasing or Contract Hire) is fully reclaimable.

VAT

VAT may be reclaimed by VAT-registered businesses which purchase a qualifying commercial vehicle, providing the vehicle is used for taxable purposes. For example, if a vehicle is used 50% for business and 50% for private purposes, then only 50% of the VAT paid can be recovered.


DISCLAIMER

Tax information is provided as a guide only. The tax allowances detailed are subject to timing differences and the status of your business. You should check with your accountant or tax adviser that you are eligible to take advantage of these allowances. Personal use of these vehicles may give rise to a tax assessment and we recommend that you discuss this with your own accountant or tax adviser. Details correct at time of writing. Tax liability can vary according to circumstances. Please contact your local HMRC office for further information. Isuzu UK accepts no responsibility for individuals misinterpreting information which is provided as a guide only.