Outlander PHEV joins motorsport engineering company's fleet
The company, which is involved with teams in Formula One and the World Rally Championship, will be able to benefit from the cars’ 49g/km CO2 emissions which allow for a 100% first-year capital allowance and 5% Benefit in Kind tax liability for the three directors.
Managing Director David Joseph, who runs MCT Engineering along with Steven Szmigeilski and Stephen Holbrooke, said: ‘We’ve never had company cars before, so this is new for us. As a company we do a lot with F1 and motorsport so the technology on the PHEVs really interested us. There’s a synergy because if you look at Formula One now they are hybrid, they are using 30% less fuel than last year. It’s the way things are going.
‘What sold it for us is that they just feel like a normal car. A key factor is the petrol costs – we will save a lot of money on petrol and the tax savings are beneficial.’For more of the latest industry news, click here.