New to UK Car Leasing Tax - What you need to know
New to UK car leasing tax is something that you need to understand if you want to drive in the UK with no issues or surprise fines. If you drive on Britain’s roads, it is legally required that pay road tax. If you do not pay your rad tax and you are driving on the roads of the UK, you run the risk of being hit with penalty points on your license or a hefty fine. Fortunately for our new to UK car leasing customers, when you lease a vehicle, your road tax will already be included in your monthly fee.
This is ideal for customers that are new to the UK, as you won’t have to file road tax paperwork in a second language. Moving to a new country can be a stressful experience, even if it is only for a short period of time. Whether it’s a or a , our specialist new to UK leasing team can build you a deal that includes everything you need, including optional Car Leasing is here to make new to UK driving a dream come true.
New to UK car leasing tax
If you want to learn more about new to UK car leasing tax, our specialist team is here to help with guidance and information. All vehicles on the roads of the UK require road tax. Lease cars are not exempt from this rule. However, when you lease a vehicle from Car Leasing, we will still own the vehicle. This makes it our responsibility to ensure that the road tax is paid and up to date with every one of our lease vehicle, taking the worry off your plate entirely.
As we will handle all the paperwork, leasing a vehicle is the easiest way to deal with your UK road tax if you are new to the UK. We will deliver your lease vehicle to you with the road tax already included, so you can get behind the wheel and start driving immediately. Road tax and all your other driving fees, including manufacturer warranty and annual driving mileage, will be included in your monthly fee. This makes it even easier to manage your personal finances or business budget.
There are also several tax reductions and new to UK driving grants that we can help you access when you lease from us. If you enter a business leasing agreement with us, you will be able to claim your monthly payments as a business expense. This means that you can claim back a percentage of VAT depending on the amount of personal and business driving you will do in the vehicle.
To be eligible to make this claim, you need to be either self-employed, a VAT registered business, in a partnership, an LLP (Limited Liability Partnership) or a Limited Company. If you want to know more about the advantages of a short term or long term business lease if you are new to the UK, read our breakdown of leasing vs purchasing a vehicle.
New to UK car leasing tax calculator
If you are visiting the UK on business, you will want to understand the cost of your driving before you arrive. This makes it easier for you to budget and plan your business spending. To make an accurate calculation, you need to understand what your company car tax rate is. To help you break down the new to UK car leasing costs for your business, you should use our convenient company car tax calculator. This will let you accurately plan your driving costs before you arrive in the UK.
Here at Car Leasing, we will be able to help you lower your tax rate. We believe that everyone should have access to the best vehicles, no matter what their financial situation is. By driving a lower emission vehicle, you will pay less road tax. If you opt for an electric or hybrid lease deal, you will eliminate your road tax entirely. You will also lower your running costs significantly. With a low emission or electric car, you will also enjoy a reduced Benefit In Kind (BIK) rate of just 2%.
