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New MINI empties the taxman’s pocket

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18 November 2013

New MINI action shot
This is the all new MINI. No, it is. Well, you’d be disappointed if it didn’t look like a MINI. But there’s only one person that won’t like the look of the new car – and that’s the taxman

OK, you might have to look twice to know this is the new MINI – well, redesigning an icon was always going to be tricky – but the taxman will know all about it.

Because he won’t be seeing much revenue from company car drivers who choose the new MINI.

Or, for that matter, small businesses and SME small fleets that purchase their company cars.

That’s because the new MINI Cooper D has CO2 emissions of just 92g/km. (It also happens to feature 114bhp too, so it’s no slouch.) It’ll also do 80.7mpg as well.

Director of MINI Chris Brownridge
Director of MINI Chris Brownridge – says tax position of new MINI has improved…but there’s nothing lost in the MINI’s trademark drivability

So when the new MINI Cooper D goes on sale in March 2014 it will have a company car tax banding of 14% for the 2014-15 tax year. That’s lower than the current MINI Cooper D.

And more to the point for SME small fleets, the new MINI Cooper D qualifies for 100% first year capital allowances if you purchase your company cars. Good for accelerating cash flow.

Fancy a MINI Cooper but not the diesel?

Then worry not. The new MINI Cooper features a massive drop in company car tax.

The new MINI Cooper D qualifies for 100% first year capital allowances

It has 136hp and just 105g/km of CO2 (the current MINI Cooper has CO2 emissions of 127g/km), so when the new MINI Cooper goes on sale it will have a company car tax banding of 14% – the current car will be on 18%.

“The new MINI is significantly more efficient, which for company car drivers and business users will greatly improve their tax position,” commented Chris Brownridge, director of MINI.

 

More on new MINI, page 2>>

 

 

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Ralph Morton

Ralph Morton

Ralph Morton is an award-winning journalist and the founder of Business Car Manager (now renamed Business Motoring). Ralph writes extensively about the car and van leasing industry as well as wider fleet and company car issues. A former editor of What Car?, Ralph is a vastly experienced writer and editor and has been writing about the automotive sector for over 35 years.

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