Company car tax changes will not be retrospective

• Author:
• Fleet News Online

Changes to the company car tax regime, which come into force next April, will not be retrospectively applied.

Changes to the capital allowance writing down system were announced in the 2008 Budget but, since the announcement, there has been widespread confusion over whether the new tax rules will be applied to cars that are already on fleets.

As a result, the leasing and rental industry association – the BVRLA – and the car fleet operators’ association – ACFO &n... (257 more words)

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