Budget 2016: Company Cars
22nd March 2016
In the recent budget the Chancellor announced the extension of 100% first year allowances for businesses purchasing low emissions company cars. However, from April 2018 to be eligible as a low emission car for this purpose, the CO2 emissions threshold has been lowered to 50g/km
This effectively means that the only cars qualifying for first year allowances from April 2018 will be electric or certain plug-in hybrid cars. Whether this means the demise of the traditional company car or a change in driving habits remains to be seen.
If you would like to discuss this further, please contact Karen Oliver on 01273 701200 or email firstname.lastname@example.org
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