LeasePlan highlights company car tax impact from 2015’s Budgets
A free guide outlining the impact of the recent pre- and post-election Budgets on company car taxation has been published by LeasePlan.
The guide shows how relatively minor tweaks to various company car measures can have significant potential impacts for fleet decision makers.
In particular it focuses on the accelerated 3% rise in the CO2 thresholds for company car tax announced for 2019/20 tax years, the slower-than-expected company car tax rate increases for ULEV vehicles in 2019/20, and the reduction in the rates of corporation tax from 21% to 20%, to 19% in 2017 and to 18% in 2020.
Remind yourself of all the key points from the Summer Budget
Matt Dyer, MD of leasing and vehicle management giant LeasePlan UK, said: “Navigating the UK’s changing tax environment has always been a priority for fleet decision makers, and the changes announced in the last few months mean a recalibration of this knowledge is required.
“Now the ability to react quickly and effectively to adjust to the demands of this new regime can make a huge difference in potential fleet savings.
“This annual LeasePlan taxation report has become a crucial tool for many customers and it showcases the expertise of our sector-leading consultancy team. I’m delighted to be able to share this element of our client service offering with the wider world.”
You can download the full guide at easiertoleaseplan.co.uk
LeasePlan announced last week that the company has been acquired by a group of long-term investors for around €3.7 billion (roughly £2.6bn).