Tax Advantages Mean New Mazda B-Series Is The Business

Mazda B-Series

 

The all-new tax-busting Mazda B-Series pick-up enters showrooms this month giving businesses and company car drivers the benefit of both functional load-carrying and fashionable lifestyle models.

And whichever model from the six-strong range is chosen VAT-registered businesses can recoup the VAT and company car drivers will pay benefit-in-kind tax on a flat rate charge of £500 because payloads across the range are more than one tonne.

The pick-up sector is the fastest-growing area of the UK vehicle parc where luxury double cab sales for work, play and practicality, as well as tax reasons, contributed to the market rising by around 50% last year with almost 20,000 units sold.

Now, with Inland Revenue benefit-in-kind rules for pick-ups falling into line with HM Customs & Excise VAT regulations sales are expected to continue to rise.

With both the Taxman and the VAT man now classing vehicles that can legally carry a payload of one ton or more as vans and not cars there are considerable cash benefits for employers and employees.

The boom in pick-up sales has led to businesses and employees typically treating single cab pick-ups as workhorse vehicles and double cabs as lifestyle alternatives to the company car.

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Published 12 April 2003 Melanie Carter

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