UK Budget 2012 - Benefit in Kind on Company Car tax

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planetf1

Member
Joined
Mar 12, 2012
Messages
18
Sadly the 0% rate for company cars on EVs doesn't continue past 2015. This had already been announced to end in 2015, but the reverting rate had been expected to be lower, or the rate continued.

Somewhat disappointing

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In 2016 this would work out at an additional £1600 pa for higher rate tax payers (quick bank of envelope calculation) and actually removes the EV tax incentive entirely.

meanwhile the higher rate on diesel was *reduced*

Duh.
 
You guys seem to have the same problem we do over here on this side of the "pond": politicians in the back pocket of the oil companies.
 
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