Press RoomSpecialist Tax News

Company car changes through to 2019/20

Further changes have been proposed to the previously announced increases in the taxable benefit of a car provided for private use by reason of an employment. These apply for 2015/16 and 2016/17, plus a commitment is announced for 2017/18, 2018/19 and 2019/20.

In essence the substantial increase in the taxable benefit previously announced from 2015/16 has been relaxed to a certain extent – by reference to ultra low CO2 emissions up to 50 g/km where a new tax charge on 5% of list price will apply for that year with increases later on.

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