Volvo Fleet and Business Users

There's a lot to think about when choosing the right vehicles for your business. What vehicles will help your people do their jobs better? And what about the other considerations such as whole-life and running costs, tax implications, servicing, repairs, financing and after sales care?

Tollbar Warwick has a dedicated small business specialist, Juspal Samra, who will be happy to provide a more comprehensive service for business customers and can provide expert advice and support, including guidance on the various finance options available and tailoring product choices to best suit your business needs.


Business Offer: V40 T2 Momentum

Term - 36 Months

Monthly Payments - £179 + VAT

Initial Rental - £1,074 + VAT

Annual Mileage - 10,000

Excess Mileage Charge - 8.85p + VAT

Business Offer: XC60 D4 R-Design Nav

Term - 36 Months

Monthly Payments - £279 + VAT

Initial Rental - £1,674 + VAT

Annual Mileage - 10,000

Excess Mileage Charge - 15.00p + VAT

Business Offer: S60 D2 Business Edition

Term - 36 Months

Monthly Payments - £209 + VAT

Initial Rental - £1,254 + VAT

Annual Mileage - 10,000

Excess Mileage Charge - 9.75p + VAT

Business Offer: XC90 D5 Powerpulse AWD Momentum

Term - 36 Months

Monthly Payments - £469 + VAT

Initial Rental - £2,814 + VAT

Annual Mileage - 10,000

Excess Mileage Charge - 20.70p + VAT

Business Offer: S90 D4 Inscription

Term - 36 Months

Monthly Payments - £339 + VAT

Initial Rental - £2,034 + VAT

Annual Mileage - 10,000

Excess Mileage Charge - 15.75p + VAT

Business Offer: V90 D4 Inscription

Term - 36 Months

Monthly Payments - £359 + VAT

Initial Rental - £2,154 + VAT

Annual Mileage - 10,000

Excess Mileage Charge - 16.65p + VAT



Business users only. Subject to status. Examples are based on vehicles with metallic paint except where stated. Vehicle must be returned in good condition to avoid further charges. Subject to availability at participating dealers for vehicles registered 01/07/16 to 30/09/16. Not available with other promotions. Provided by Lex Autolease Ltd trading as Volvo Car Leasing, SK3 0RB.


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The Volvo V60 D5 Twin Engine

The tax-efficient plug-in diesel hybrid.

With CO2 emissions of just 48g/km, the Volvo V60 D5 Twin Engine offers business owners and company car drivers a unique combination of luxury, economy and tax efficiency.

How the Volvo V60 D5 Twin Engine can reduce your tax bill this year by £7,000

  • 48G/KM - The V60 D5 Twin Engine has CO2 emissions of just 48g/km.
  • £2,500 government plug-in car grant - The car benefits from a range of financial advantages because it’s so environmentally friendly.
  • Up to £7,000 corporation tax relief - So if you bought the V60 D5 Twin Engine SE Nav for £35,000* this year, your company would benefit from £7,000 corporation tax relief.
  • 100% First Year Allowance - Because of its low CO2 emissions, the V60 D5 Twin Engine qualifies for a 100% first year allowance, so the entire cost of purchase can be written off in the first year of ownership.

If you lease the Volvo V60 D5 Twin Engine and pay, for example, £500† (+VAT) per month, you can offset £550 (£500 + blocked VAT**) against your company’s taxable profits.

Further tax advantages of the V60 D5 Twin Engine

Added to the 100% first year allowance, this year the V60 D5 Twin Engine also attracts an incredibly low Benefit-in-Kind (BIK) rate of just 7%, thanks to its ultra-low CO2 emissions.

This further reduces the company’s Class 1A National Insurance Contributions (NIC), as well as helping to minimise the company car tax paid by the driver of the car.

Class 1A National Insurance Contributions

Class 1A NICs are payable on benefits provided to directors and employees of a business who earn at a rate of more than £8,500 a year, including taxable benefits and expenses.

The amount the company has to pay is based on the following formula:

List price (P11D value) x BIK rate x 13.8% (flat rate for employer’s NIC)

With a 7% BIK for 2016/17, the Class 1A NIC for the V60 D5 Twin Engine SE Nav is just £367.56^

Company Car Tax

Directors or employees who privately use a company car must also pay company car tax. Using a similar calculation to that used for Class 1A NIC, the tax due is calculated as:

List price (P11D value) x BIK rate x income tax rate of the driver^^

With a 7% BIK for 2016/2017, the BIK tax payable by a 40% taxpayer for the V60 D5 Twin Engine SE Nav is just £1,065.40^

With the D5 Twin Engine variant, the V60 adds outstanding value and tax efficiency; delivering unprecedented levels of luxury with a number of previously unattainable tax and cost advantages:

  • 100% first year allowance
  • 7% BIK
  • £2,500 Government plug-in car grant
  • 100% London Congestion Charge discount
  • 155.2 mpg combined fuel consumption
  • 48g/km CO2 emissions

* Based on a purchase price of £35,000, after deduction of Government plug-in car grant, and a corporation tax rate of 20%.
† Monthly rental for demonstration purposes only.
** On a rental of £500 the input VAT is £100, but only £50 may be reclaimed because a 50% VAT block is applied.
^ Based on a P11D value of £38,050.
^^ 20% for taxable income up to £31,785; 40% for taxable income from £31,786 to £150,000; 45% for taxable income above £150,000).