Fleet News

Lib/Dems plan tax attack on gas guzzlers and company cars

THE Liberal Democrats will hit fleets with a double-barrelled tax bombshell if they form the next Government. Larger capacity engines and company car drivers will be targeted in tax initiatives to discourage use of larger cars and target 'hidden' benefits of the company car.

Transport spokesman David Chidgey said 'We recognise that for some jobs the company car is essential but we would encourage motorists to drive smaller cars.

Taxation levels attract considerable benefits to company car users, which we consider unjust. Insurance, road tax and maintenance all add to the non-taxable benefit of the company car, which is unfair to other tax-payers. This is not a punitive measure, but it is to make the system fairer because it is open to abuse. We would invest the revenue in public transport.'

Leave a comment for your chance to win £20 of John Lewis vouchers.

Every issue of Fleet News the editor picks his favourite comment from the past two weeks – get involved for your chance to appear in print and win!

Login to comment


No comments have been made yet.

Compare costs of your company cars

Looking to acquire new vehicles? Check how much they'll cost to run with our Car Running Cost calculator.

What is your BIK car tax liability?

The Fleet News car tax calculator lets you work out tax costs for both employer and employee