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Our budget views in blue: Company Car tax

22nd March 2012

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!