Company Car Taxation: Your Guide for 2015 includes:
- 2019/20 tax years 3% rise in the C02 thresholds for company car tax
- 2019/20 slower than expected company car tax rate increase for ULEV vehicles
- Reduction in corporation tax rates from 21% to 20%, to 19% in 2017 and to 18% in 2020
LeasePlan has published fleet funding & taxation report, in partnership with Deloitte.
The comprehensive new guide on company car taxation, launched today, analyses the impact of the pre-election budget and also the post-election summer budget.
The report explains the latest changes in tax provisions, along with related considerations including the importance of vehicle excise duty, various tax relief calculations and impact of VAT on company cars.
It also includes examples to demonstrate exactly how the progress of tax policy can affect fleet costs and examines how relevant individual elements of fleet policy are affected by the Chancellor’s changes.
It shows that the combination of seemingly minor tweaks to company car measures still poses significant potential impacts for fleet decision makers.
Managing Director of LeasePlan, Matt Dyer, 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.”
