Source: Fleet News
The fleet industry is asking for more clarity on the direction of travel for the future of company car taxation in the Spring Statement on March 13.
Chancellor Philip Hammond will make a statement on the health of the UK’s economy, but unlike The Budget, which is now in the autumn, there won’t be immediate tax changes or spending announcements.
However, John Pryor, ACFO chairman, said the Spring Statement still offers the opportunity for Government to give businesses more clarity on the future direction of vehicle taxation.
Pryor told Fleet News: “It is unfair to expect company car drivers to enter into three or four year agreements without knowing how they will be taxed in future.
“Furthermore this does not help the Government’s desire to increase take up of hybrid and electric