Our budget views in blue: Company Car tax
These are becoming yet more expensive. From Apr 2015, the multiplier rises from (the current maximum of) 35% to 37%
The following year, Diesel cars will no longer be more expensive than petrol.
Low carbon cars (<95g/km) are currently not chargeable! This ends from Apr 2015. Where it will start at 13% of the price, increasing to 15% the following year.
We have always stated that company cars are a folly – and that this is even worse! More tax is raised from company car tax than from inheritance tax every year. There are far cleverer ways to remunerate employees!