Employee Car Ownership Schemes Debate
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Lord Sentamu
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Employee Car Ownership Schemes
Lord Sentamu Excerpts(1 day, 9 hours ago)
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Lord Stockwood (Lab)
We believe that the tax system that has been applied is fair and balanced, but we are happy to take those points under consideration.
Lord Sentamu (CB)
My Lords, I welcome the Minister to the Front Bench of His Majesty’s Government. The noble Lord from the Official Opposition asked a question about the taxation of cars. I understand taxation for electric cars—that is pretty straightforward—but he asked about hybrids, which use both petrol and electricity. How will that work? Is it going to be a double whammy of taxation? I too drive a hybrid vehicle.
Lord Stockwood (Lab)
I thank the noble and right reverend Lord for declaring his interest. I believe that hybrid vehicles are going to be taxed at half the rate, which is 1.5p a mile, as opposed to 3p a mile.