TaxPersonal TaxLondon firms may dodge fuel tax

London firms may dodge fuel tax

Businesses operating in the central London area could receive a 100% discount from the proposed £5 a day congestion charging scheme for all 'clean fuel' vehicles they run.

The announcement, recently made by Transport for London, is in line with the strong recommendations submitted by clean fuel vehicle authority, TransportAction in September.

Liquefied Petroleum Gas, Natural Gas and electricity already provide approximately 50% savings over petrol and diesel, while the announcement could make alternative fuels more attractive for business.

The discount also extends to all alternative fuel vehicles, which meet the new emission standards, so long as they are registered on TransportAction’s PowerShift Register.

Further consultation to 18 January 2002 will look at the proposals, with a final announcement on whether the scheme receives the green light is expected after mid-February next year.

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