… but not if you are self-emplyed!
The Pseudo-Final Levy for Company Fuel Cars, Announced Earlier This Week, is intended to make Those Cars Less Attractive. For Company Youngtimers, The Levy is of just The Death Knell, Although That Does Not Apply If You Have A Sole Proprietorship.
The Pseudo-Final Levy is one of the most important car-related Measures of the Past Budget Day. The Measure Has Already Been Extensively Explained on the Site and Is Aimed at Employers Who Make Cars Avisable to Employees. If those cars are not full of electric, the employer must pay 12 percent of the new price of the car annually as an additional ‘punitive measure’, which in practice of means that the costs for such a car increase by fifty percent. The Pseudo-Final Levy is Limited to Employees Who also the Car PrivateLy and Therefore Pay Additional Tax, Only It is the Case That Commuting Is Seen As Private For This Measure. That is remarkable, because it is for the additional tax, a ride to work is (rightly) seen as business.
Not for Sole Proprietorships, But for Directors/Major Shareholders
An even bigger problem, however, is for those who have a company youngtimer. This Specifically Conerns People who, As Employees, Have A Youngtimer That is registered in the name of the company. That Excludes the Large Group of Sole proprietorships with Youngtimers, because they are not an employees of their own company. However, The Pseudo-Final Levy, As It Now Appears, Does Apply To Directors/Major Shareholders who Have A Youngtimer Registered in the Name of Their Own Private Limited Company, And That Is Quite A Substantial Group. There are also people who actual get a youngtimer ‘from the company’, so Employees who, Instead of a new lease car, are allowed to drive a car that is at Least 15 years old, Against the associated favorable additional tax.
For the last two grouts, the pseudo-final Levy is extra painful, and there are two reasons for that. First, The Levy is Calculated on the New Value as Long As the Car is not Yet 25 years old, While the Additional Tax For Youngtimers From 15 Years is Calculated on the Current Value. This was undoubtedly done to prevent the Youngtimer Category from Becoming Equally More Attractive As An Escape Route, But It also Means That The Pseudo-Final Levy Will Soon Affect The Majority of Company Youngtimers.
Calculation Examples
MoreOover – and now we come to the really Painful Point – Thesis Youngtimers of Have a Very High New Value. After all, there are very few people who drive a polo or charade or 15 years or older for business. Usually, People Choose Youngtimers That Can Still Keep Up Nicely In 2025 When It Comes Like Speed, Safety and Luxury, And Those Are Generally Cars That Were Simply Very Expensive When They Were New. A BMW 5-Series from 2008, For Example, Easily Cost 60,000 euros New, W andWeby You as A Director/Major Shareholder or Employee Will have to deal with a final Levy or 7,200 euros per year. In other words: 600 euros per month. It gets just worse for those who drive a nice thick suv. A Thickly Dressed Volvo XC90 V8, For Example, With a New Price That Could Easily Be A Ton On Paper. Then the calculation with that 12 percent Suddenly Becomes Very Easy: 12,000 euros please, OR 1,000 per month. Electric XC90 Youngtimer, Then?
Import cars
An additional ‘Problem’ Here is that thesis Youngtimer’s Are Often Import Cars and the New Value Is Often Estimated High For Import Cars. That is due to the bpm, which for such an import car can be calculated by depreciating the bpm in Proportion to the depreciation that the car itself has has undergone. A high theoretical new price is then precisely favorable, because it results in a proportionally highher depreciation on the bpm.