The low-CO2 emission credentials of the all-new Mazda6 mean that businesses can benefit from an immediate tax saving if they take delivery of vehicles before April 1
Hampshire (PRWEB UK) 6 March 2013
Fleet car buyers in the Hampshire region can beat corporate tax changes due on 1 April 2013 by taking delivery of an all-new low emission Mazda6 saloon or tourer with fuel-saving SKYACTIV technology from Hendy Business.
“The 108g/km all-new Mazda6 powered by a 2.2-litre SKYACTIV-D 150ps diesel engine is one of the lowest emission upper medium sector cars available today and enables businesses to continue to benefit from a 100 percent writing down allowance (a form of capital allowance) if they take delivery of vehicles before 1 April 2013,” explains Steve Roberts, Fleet Director at Hendy Business.
The tax changes mean a further tightening of capital allowance carbon dioxide (CO2) emission thresholds impacting on outright purchase fleets, while a simultaneous cut in the lease rental restriction emission threshold hits the amount of relief available against taxable profits on cars with ratings above 130g/km. In total, there are 28 Mazda6 models with CO2 emissions below 130g/km.
“From 1 April 2013 outright purchase fleets will only be able to benefit from 100 percent first year allowance on vehicles that emit 95g/km or less. Cars emitting between 96g/km and 110g/km will only be able to write down 18 percent of the cost of the model against their corporation tax bill, thus reducing the amount of tax relief available annually and as a result impacting on cash flow,” adds Roberts.
The all-new Mazda6 available from Hendy Business was launched last month and is powered by the Japanese manufacturer’s range of high-efficiency SKYACTIV petrol and diesels engines mated to six-speed manual or automatic transmissions. On-the-road prices for Mazda6 diesels start at £21,795 and rise to £28,045. Prices for petrol models range from £19,595 to £24,865.
Mazda6 models powered by a 2.2-litre SKYACTIV-D diesel engine are available from Hendy Business, with 150ps or 175ps power outputs with CO2 emissions from as low as 108g/km. The petrol line-up is powered by a 2.0-litre SKYACTIV-G engine with 145ps or 165ps power outputs and CO2 emissions from 129g/km.
At the opposite end of the Mazda6 spectrum, the tax changes also mean that fleets wanting to take delivery of one of the eight models with emissions above 130g/km from Hendy Business will also reap tax and cash flow dividends ahead of the April 1 cuts to the writing down allowance and lease rental restriction.
Steve Tomlinson, Mazda’s Head of Fleet, said: “The low-CO2 emission credentials of the all-new Mazda6 mean that businesses can benefit from an immediate tax saving if they take delivery of vehicles before April 1. We have a plentiful supply of Mazda6 models in UK stock ready for immediate delivery. Unlike some other manufacturers there is no lengthy lead time.
“The April 1 changes in capital allowances do not apply to cars already on the road, so taking delivery of a model prior to that date means that in the case of the 108g/km Mazda6, as well as higher emission models, there is an immediate tax and cash flow advantage for businesses,” concludes Tomlinson.
For more information about the all-new Mazda6, or to arrange a test drive, call Hendy Business on 0844 5399772 or visit the showroom.
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Capital allowance conditions apply. See HMRC website for details.
April 1 tax change summary:
- The 100% writing down allowance threshold applies to company cars with emissions of 95g/km and below (2012/13: 110g/km).
- The 18% writing down allowance threshold applies to company cars with emissions of 96g/km-130g/km (2012/13: 111g/km-160g/km).
- The 8% writing down allowance threshold applies to company cars with emissions from 131g/km (2012/13: from 161g/km).
- The 15% lease rental restriction threshold falls to 130g/km (2012/13: 160g/km) meaning above that level, only 85% of annual rental can be claimed in tax relief.