Budget 2004: Company Car Tax Increased; Incentive for Low-Emission Vehicles

• Author:
• Fleet News Online

Company car drivers are facing 10% increases in their tax bills in the next financial year - but it should come as no surprise, reports Fleet NewsNet.

Under the current carbon-dioxide-based company car tax system, every year the emissions standards on which the tax is based has become more strict since it was introduced in the 2003/04 tax year. For the 2004/05 tax year, vehicles will need to produce 149g/km or less of carbon dioxide (CO2) to qualify for the minimum 15 per cent tax band, comp... (378 more words)

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