In the Autumn Statement 2016, the Government announced changes to the company car tax bandings. These new bandings mean that you could end up paying more for your company car than you were before, depending on how much CO2 your car emits.
There are fifteen new company car tax bandings, eleven of which apply to low emissions vehicles. Cars that emit no emissions at all will be taxed 2%, and those that emit between 1g/km and 50g/km of CO2 will be taxed between 2% and 14%, depending on how many zero emissions miles each car can do.
By now you’ve probably realised that there’s a good chance you will pay more in company car tax when it comes into effect next year. And maybe you’re thinking that it’s time for you to get a new company car, so which cars are the lowest for company car tax once the new bandings come into effect?
We take a look at how the company car tax changes will really affect you, and which cars might be a better investment come April 2017
OSV Limited is an Appointed Representative of Automotive Compliance Ltd, which is authorised and regulated by the Financial Conduct Authority (FCA No 497010). Automotive Compliance Ltd’s permissions as a Principal Firm allows OSV Limited to act as a credit broker, not as a lender, for the introduction to a limited number of finance providers and to act as an agent on behalf of the insurer for insurance distribution activities only.
OSV Ltd a Registered Company in England and Wales No: 04533176 and whose registered office is D1 Yeoman Gate, Yeoman Way, Worthing, West Sussex BN13 3QZ.
VAT Reg No: 946 3911 02 ICO: Z1606144
Finance is subject to status.