New Order, 40K Tax Confusion

All things M135i related can be found in here

Moderators: Rich196, marco_polo, Producethis, Lambster, babybmwadmin

gazw
Junior Member
Junior Member
Posts: 7
Joined: Sat Mar 10, 2018 10:01 pm

New Order, 40K Tax Confusion

Post by gazw » Wed Jun 13, 2018 2:04 pm

Hi All,

Ordered an M240i back in April, was given ETA of late June as dealer had a build slot so it has been built and arrived very quickly and is now at dealership!

At time of ordering I queried the 40K tax bracket and was told car/specification I had ordered fell under the bracket and would not be subject to the additional RFL cost, however with collection planned for this weekend i'm now being told the car is over the threshold and its going to cost me an additional £310 a year to tax!

Information online on dvla.gov.uk is very confusing, and struggling to understand a definitive what is/isn't included in the price,

My car and specification as follows;

BMW M240i Auto
719M Black Alloys
Metallic Paint
Harmon Kardon
Pro Media/Nav
Heated Seats
Folding Mirrors
PDC Front and Rear
Cruise Control with Brake Function
Aluminium/Gloss Black Interior Trim

List price is £40,770.00. Delivery £705, RFL £515, First Reg Fee £55.

Thanks in advance,
Gaz

Dwaind
Knowledgeable Member
Knowledgeable Member
Posts: 83
Joined: Mon Apr 14, 2014 8:47 pm
Location: North West England

Re: New Order, 40K Tax Confusion

Post by Dwaind » Wed Jun 13, 2018 2:21 pm

My understanding is that the list price of the car including all options. So even if you discount it below £40k they will fleece you.

Even if your list price includes delivery you are still over £40k.......just. So welcome to the £450pa club.

Andy
Current - M4
Gone - 530d M Sport
Gone -Red M235i,
Toys - Triple Black R1200GS, Ducati 848

User avatar
Barney McGrew
Experienced Member
Experienced Member
Posts: 446
Joined: Mon Sep 18, 2017 2:43 pm

Re: New Order, 40K Tax Confusion

Post by Barney McGrew » Wed Jun 13, 2018 2:40 pm

Yeah it's purely based on the list price before any discounts. So as you state your list price is £40,770 then you've slipped over the 40k cutoff.

If you want to avoid it then you have to be harsh with the options and only select the ones you can't do without up to the magic number.

User avatar
stevesurrey
Enthusiastic Member
Enthusiastic Member
Posts: 1597
Joined: Sun Nov 07, 2010 12:56 pm
Location: Surrey

Re: New Order, 40K Tax Confusion

Post by stevesurrey » Wed Jun 13, 2018 3:08 pm

Do you have anything in writing from dealership which said it was under £40k limit ?
E81 120D (N47) SE+Dynamic Package, 2007/57, M Sports Suspension, Montego Blue, Pro HU+HiFi Speakers & Dipstick

User avatar
ZChris
Junior Member
Junior Member
Posts: 30
Joined: Fri Mar 23, 2018 12:55 pm

Re: New Order, 40K Tax Confusion

Post by ZChris » Wed Jun 13, 2018 3:20 pm

Damn that cruise control. when you have the limiter as standard cruise control is a bit unnecessary. And, it turns out, bum-pinchingly pricey.

barneyrubble
Too Much Time To Waste Member
Too Much Time To Waste Member
Posts: 2996
Joined: Tue Oct 28, 2008 6:28 pm

Re: New Order, 40K Tax Confusion

Post by barneyrubble » Wed Jun 13, 2018 3:47 pm

I think trl stated it was around 40600 as the on the road costs are excluded

But i could be wronf
If it's got breasts or wheels - it's going to give you trouble

baderlfc
Knowledgeable Member
Knowledgeable Member
Posts: 197
Joined: Wed Sep 21, 2016 7:23 pm

Re: New Order, 40K Tax Confusion

Post by baderlfc » Wed Jun 13, 2018 4:02 pm

List price of £40,770 on an auto M240i will unfortuantely cost you an extra £1550 in tax from years 1-6

baderlfc
Knowledgeable Member
Knowledgeable Member
Posts: 197
Joined: Wed Sep 21, 2016 7:23 pm

Re: New Order, 40K Tax Confusion

Post by baderlfc » Wed Jun 13, 2018 4:06 pm

Them front parking sensors are going to work out awfully expensive

nb67
Knowledgeable Member
Knowledgeable Member
Posts: 140
Joined: Tue Jan 03, 2017 6:33 pm
Location: Nott's

Re: New Order, 40K Tax Confusion

Post by nb67 » Wed Jun 13, 2018 4:12 pm

The cruise control with brake function is a pointless option imo. If it was adaptive cruise, it'd be worth the expense.

The roads are too busy to seek any benefit from bog std cruise that BMW fit to their cars. Set it at a speed and you'll either be braking or accelerating when you catch up slower moving vehicles on the road in front.

I'd never spec it again that's for sure.
EB 240i Convertible.

User avatar
Billy1mate
Knowledgeable Member
Knowledgeable Member
Posts: 115
Joined: Tue Jul 04, 2017 10:46 pm

Re: New Order, 40K Tax Confusion

Post by Billy1mate » Wed Jun 13, 2018 4:48 pm

Yep the £770 over will cost you an extra £360 per year for 5 years.

User avatar
Billy1mate
Knowledgeable Member
Knowledgeable Member
Posts: 115
Joined: Tue Jul 04, 2017 10:46 pm

New Order, 40K Tax Confusion

Post by Billy1mate » Wed Jun 13, 2018 5:03 pm

I was thinking that’s not that many options same as my 1series so the 2 must be more expensive than the 1 series from outset. Just had a nose, there’s £2900 difference between list price of m140i and M240i £34915 v £37800.

gazw
Junior Member
Junior Member
Posts: 7
Joined: Sat Mar 10, 2018 10:01 pm

Re: New Order, 40K Tax Confusion

Post by gazw » Wed Jun 13, 2018 5:20 pm

Thanks all, specification preferences aside it appears that there is nothing I can do at this stage at the car is built and the price is over the threshold,

Had conversations with sales exec about the threshold, and email strings also following order (as I amended the spec a day or so after order) and each time told I don't need to worry it falls under the threshold so hoping they can offer something to soften the blow of the extra RFL each year!

MrMarty
Knowledgeable Member
Knowledgeable Member
Posts: 138
Joined: Wed Jul 15, 2015 5:21 pm

Re: New Order, 40K Tax Confusion

Post by MrMarty » Wed Jun 13, 2018 5:23 pm

barneyrubble wrote:
Wed Jun 13, 2018 3:47 pm
I think trl stated it was around 40600 as the on the road costs are excluded

But i could be wronf
Think you aren't far off. Something to do with the initial tax being less with an auto than a manual due to emissions or something. And as some others have said, the registration stuff doesn't contribute.

To the OP, TRL did state that BMW would honour last quarter's prices for those who put a deposit down but it would only last a few weeks (so deliveries by April). You've been given duff info by your dealer by the looks of it as I can't see any reputable dealer agreeing to undercut the increased OTR price 3 months after it was introduced.

User avatar
NISFAN
Enthusiastic Member
Enthusiastic Member
Posts: 953
Joined: Sun Apr 02, 2017 12:46 pm
Location: Bedfordshire

Re: New Order, 40K Tax Confusion

Post by NISFAN » Wed Jun 13, 2018 5:48 pm

You are exactly £201 over the threshold by the looks of it. Sucks that you thought you were in the clear, when you weren’t.

It is also ridiculous of BMW UK to include the full delivery price, as there are elements that are excluded by the tax man that BMW includes. By true definition, delivery charges are exempt, yet bmw declare them as part of the P11D.


Sent from my iPhone using Tapatalk
M240i Auto

User avatar
Creepy Coupe
Too Much Time To Waste Member
Too Much Time To Waste Member
Posts: 3098
Joined: Mon Aug 18, 2008 8:12 am

Re: New Order, 40K Tax Confusion

Post by Creepy Coupe » Wed Jun 13, 2018 6:12 pm

You can go to £40,499.00 as first registration tax doesn't count.
M240i
Previous.M235i.M135i. 635d Coupe, E92 M3 manual, E93 M3 DCT Competition Pack. E92 335i, Porsche Cayman S Gen2, 135i Coupe. E92 320d, MK5 R32. MK5 Golf GTi,MK5 Golf GT-TDI,E46 318Ci.

Post Reply

Return to “M135i/M235i/M140i/M240i”