TaxCorporate TaxBus companies risk losing tax break

Bus companies risk losing tax break

Transport secretary Stephen Byers has warned bus companies they could lose their £330m-a-year tax break unless they improve the services they offer.

Bus companies receive the tax break in the form of a fuel rebate.

But Byers told the House of Commons yesterday that government needed to see ‘a real return on the level of public support’.According to the FT the government provides almost £1bn annually in subsidies to the bus network, after it was privatised two decades ago.

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