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Businesses with green fleets are set to benefit from a tax freeze for low carbon cars under plans announced in chancellor George Osborne’s Budget.
From April 2013, cars that emit less than 95 g/km of carbon dioxide will received a frozen company car tax rate, while vehicles emitting between 95 g/km and 219 g/km of CO2 will be subject to an increase of one percentage point.
The move could lead to more businesses taking up low emission cars to benefit from the tax freeze. Previously, the tax favoured cars with emissions of less than 99 g/km.
However, Paul Everitt, chief executive of the Society of Motor Manufacturers and Traders, told BusinessGreen.com that industry had not been consulted on the measure.
“It would be good if we were sitting down with the Treasury to talk about how we’re progressing [on lowering vehicle emissions] and the impact on revenue,” he said, suggesting it could unfairly affect businesses that recently bought a car with less than 99 g/km of emissions, expecting to fall into the low carbon band.
Posted by Mark Stephens
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For more information please see: BusinessGreen.com
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