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Budget 2013: Deloitte comments on company car tax rates

21 March 2013

The Chancellor today announced measures to incentivise the use and manufacture of ultra-low emission vehicles in the UK and ensure that company car tax continues to support the sustainability of public finances.

Mike Moore, Director at Deloitte, comments:

“These are very welcome measures and will provide a positive boost to the recent rapid rate of innovation and progress made by manufacturers towards producing cars with emissions below 95g/km of CO2. There will also be a strong incentive for employers and their employees to choose these vehicles as company cars to save personal tax and company National Insurance.

“The added certainty that electric cars will continue to attract favourable taxation treatment from April 2015 will help to establish the viability of this fledging market for certain fleet operations as the technology and battery range continues to improve.”

Ends

Notes to editors
In this press release references to Deloitte are references to Deloitte LLP, which is among the country's leading professional services firms.

Deloitte LLP is the United Kingdom member firm of Deloitte Touche Tohmatsu Limited (“DTTL”), a UK private company limited by guarantee, whose member firms are legally separate and independent entities.

Please see www.deloitte.co.uk/about for a detailed description of the legal structure of DTTL and its member firms.

The information contained in this press release is correct at the time of going to press.

Member of Deloitte Touche Tohmatsu Limited

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