Managing the Road Ahead: Company Car Tax

Fleets have been treading water for more than two years as they waited for the Government to announce changes to company car benefit-in-kind tax rates effective from April 6, 2020.
 
The Government has now confirmed its approach to company car benefit-in-kind tax for the three-years ending 2022/23 and there is a clear incentive for fleets and company car drivers to ‘plug-in’.
 
Whether choosing a 100% electric car or a plug-in hybrid petrol or diesel electric car with carbon dioxide (CO2) emissions of 50g/km or below there are significant benefit-in-kind tax advantages designed to support the Government’s pursuit of its ‘Road to Zero Strategy’.
 
Published last year, the Strategy set 2040 as the phase out deadline for the sale of new petrol and diesel cars and vans on the road to a Government target of achieving net-zero greenhouse gas emissions by 2050.
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