TaxCorporate TaxEmployees face ‘car park tax’

Employees face 'car park tax'

Treasury mulls plans to levy tax on companies with car parks

The Treasury is considering plans that will allow local authorities to levy a
tax on companies with car parks.

According to the Daily Telegraph, the Treasury is also deciding
whether employee parking spaces should be classified as a benefit in kind liable
to tax. The measures are said to be a response to traffic congestion.

The South Gloucestershire council has received £675,000 for its plans to
implement such a scheme. A similar scheme is also in place in Nottingham.

The schemes could see companies have to pay a levy of £350 a year by 2014.

Further reading:

HMRC to clamp down on tax evaders

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