Sarah Bradford explores changes to the company car tax regime and explains why it makes sense to think electric going forward.
With concerns over climate change hitting the headlines, it is perhaps appropriate that the company car tax regime seeks to encourage ‘green’ choices; and rewards those who opt for cheaper lower emission cars with lower tax bills.
The current regime for taxing company cars has been around in broadly its current format since April 2002. The system, which charges a percentage of the car’s list price to tax depending on the car’s carbon dioxide (CO2) emissions, is a familiar one.
However, since 2002 there have been various tweaks to the system, particularly as regards electric and low emissions cars; and there are more on the horizon.
The
