Company car drivers may be waking up to an unexpected tax bill in the next few weeks when they receive their first payslip of the new financial year.
The fleet industry has reacted angrily after being hit with a £1.36 billion bill, thanks to a Government U-turn on company car tax.
Consecutive Budgets and Autumn Statements have included a warning about the popularity of salary sacrifice schemes and their impact on Government tax take.
The chancellor allocates £600m to drive the uptake of electric vehicles, but gives no detail on what that will mean for the future of the plug-in grant.
The Government has delayed the removal of the 3% diesel supplement on company car tax from 2016/17 to April 2021.
The automotive sector is leading Britain’s resurgence as an industrial powerhouse, but needs Government to work with industry to ensure continued success.
The Department for Transport (DfT) has launched a consultation on plans to streamline and improve the delivery of motoring services.
Fears are mounting that diesel could be targeted in the chancellor’s Autumn Statement, with the fuel type being hit with tax rises.
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