Treat your staff to a Porsche Panamera S E-Hybrid

Treat your employees for Christmas – a tongue in cheek blog from:

Ben Davies

Treat your staff Porsche Panamera S E-Hybrid

20131210 Porsche pic

Boost staff moral whilst reducing your tax bill and saving the environment in one fell swoop.  Too good to be true you may think?  Not anymore with Porsche’s new offering in the shape of the new Porsche Panamera S E-Hybrid.

Whilst the new Porsche has a 3.0 litre V6 engine it is a hybrid vehicle and is capable of running for up to 22 miles at up to 84mph on battery power with the throaty V6 to fall back on when the battery runs out.  As a result of this it’s official CO2 emission is only 71g/km.

20131210 Porsche zoom

As this hybrid car qualifies as an Ultra-Low Emission Vehicle with CO2 emissions of only 71g/km the tax benefits are not to be sniffed at.  Buy one of these cars for your employees and not only will the business get 100% capital allowances in the year of purchase but the resulting benefit in kind will be taxed at only 5% of the vehicle’s list price.

You will also be eligible to apply for the £5,000 Government grant towards the cost of the car as this is a plug-in hybrid vehicle that meets the Ultra-Low Emission Vehicle criteria.

Below is a quick comparison of the costs of the Porsche against a couple of its competitors:

Porsche

Panamera S E Hybrid

Range Rover

Vogue SE

BMW

5-Series M Sport Active Hybrid

List Price

£89,000

£83,000

£51,000

Fuel Consumption (mpg)

91.1

32.5

40

CO2 (g/km)

71

229

163

Benefit in Kind* (2013/14)

£4,450

£29,050

£12,240

Tax Payable (at 40%)

£1,780

£11,620

£4,896

Capital Allowances (in first year**)

£89,000

£8,300

£5,100

 

* Excluding benefit in kind for private fuel

** Assuming that the car is purchased rather than a lease or lease finance.