Company Cars: Taxation
(asked on 20th June 2018) - View Source
Question to the HM Treasury:
To ask Mr Chancellor of the Exchequer, when he plans to announce the rates of company car tax which will apply from April 2021.
This question was answered on 28th June 2018
From 2020/21, the government will be introducing eleven new company car tax bands for ultra-low emission vehicles (ULEVs). These changes were announced at Autumn Statement 2016 to provide certainty of the future tax liability for company car employers and employees.
The government aims to announce the company car tax rates three years in advance of implementation.