TaxCorporate TaxCompany car tax scheme to be targeted in Budget

Company car tax scheme to be targeted in Budget

Scheme intended to create greener car use has created a tax loophole, says government

Changes to car fleet tax rules could emerge during the Budget, over
government concerns that a green car scheme has created a tax loophole.

The government is concerned that ECOS, an
employee car
ownership scheme
, has allowed business to circumvent penalties for
driving high carbon emission cars.

Employees are paid 40p per mile by their employer tax-free, for up to 10,000
miles, which had been argued did not discourage people out of bigger cars.

Further Reading:

Fleet special: emission possible

Insider Business Club: fleet – green light

Fleet: environment – costing the Earth?

Related Articles

Big names, little tax: Airbnb, Facebook, Kellogg’s, eBay

Corporate Tax Big names, little tax: Airbnb, Facebook, Kellogg’s, eBay

2m Alia Shoaib, Reporter
New trading allowance: simplicity, but not as we know it

Administration New trading allowance: simplicity, but not as we know it

2m Emma Rawson, ATT Technical Officer
EU divided over radical tax reforms targeting tech giants

Corporate Tax EU divided over radical tax reforms targeting tech giants

2m Alia Shoaib, Reporter
‘Improve rather than lose’ disincorporation relief, tax body urges

Administration ‘Improve rather than lose’ disincorporation relief, tax body urges

3m Austin Clark, Reporter
How to educate your clients about tax avoidance

Corporate Tax How to educate your clients about tax avoidance

3m Clear Books | Sponsored
CGT clampdown nets HMRC £124m – but could lead to increase in use of avoidance schemes

Corporate Tax CGT clampdown nets HMRC £124m – but could lead to increase in use of avoidance schemes

3m Austin Clark, Reporter
‘Google tax’ nets HMRC £281m

Corporate Tax ‘Google tax’ nets HMRC £281m

3m Emma Smith, Managing Editor
Should I incorporate my buy-to-let business?

Corporate Tax Should I incorporate my buy-to-let business?

4m Emma Rawson