More than 1 million people in the UK drive a company car, so the 2011 budget will be affecting a substantial number of Britons thanks to new taxes being put in place in April 2013. The new budget highlights that only company car drivers that have cars with higher carbon emissions will be affected by the tax rise. The new tax has been based on the cost of the vehicle, the CO2 rating of the vehicle and the rate at which the car owner pays income tax.
Only drivers emitting less than 95grams of CO2 per Kilometre – such as a Toyota Prius – will be exempt from the increases.
Three million people in the UK that use their personal car for company businesses will receive an improved mileage allowance which is a significant help for them, but AA spokesman, Luke Bodset says "This Government has merely given with one hand and taken with the other.”
Three million people in the UK that use their personal car for company businesses will receive an improved mileage allowance which is a significant help for them, but AA spokesman, Luke Bodset says "This Government has merely given with one hand and taken with the other.”
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