Wow. This has gone though the roof!
3 years ago I lost £3600 of my tax code. This coming year its £9050 for the same car!!!
They have also changed the rules so that you o ly get tax relief on trade up costs (money you pay towards tour car) if the co2 is below 75g.
Unfortunately, the vast majority of cars with low co2 have 9 month to a year lead times so are no longer on the list of cars we can have.
I think that a lot of companies are going to be switching to cash benefit as employees won't want to pay this much for what is for a lot of people a necessity for their role. This will result in lost revenue for the government and will mean that the aim ie. Reduced co2 is not achieved.
3 years ago I lost £3600 of my tax code. This coming year its £9050 for the same car!!!
They have also changed the rules so that you o ly get tax relief on trade up costs (money you pay towards tour car) if the co2 is below 75g.
Unfortunately, the vast majority of cars with low co2 have 9 month to a year lead times so are no longer on the list of cars we can have.
I think that a lot of companies are going to be switching to cash benefit as employees won't want to pay this much for what is for a lot of people a necessity for their role. This will result in lost revenue for the government and will mean that the aim ie. Reduced co2 is not achieved.
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