Employee Car Ownership Schemes Debate
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Baroness Kramer
Main Page: Baroness Kramer (Liberal Democrat - Life peer)Department Debates - View all Baroness Kramer's debates with the Department for Business and Trade
Employee Car Ownership Schemes
Baroness Kramer Excerpts(1 day, 9 hours ago)
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Lord Stockwood (Lab)
I thank the noble Lord for the question. As I stated previously, as part of our modern industrial strategy we are committed to the automotive sector. Our ability to defer the start date for this particular policy shows that we are in open dialogue. We will continue with that dialogue.
Baroness Kramer (LD)
My Lords, I recognise that there has been an element of contrivance in the usage of the present employee car ownership schemes which the Government are closing down, although the delay is welcome. Right now, so many businesses are under stress, as well as the automotive sector generally. Will the Government be providing some sort of road map for those who are not using this in a contrived way but have a legitimate practice to be able to find a new mechanism to enable them to keep their businesses going? For example, would he find the salary sacrifice scheme approach an acceptable one?
Lord Stockwood (Lab)
The Government are committed to fairness in our tax system, so we are open to all those conversations. At the moment, we have set out the policy we intend to commit to.