David Chandler looks at the changing world of company cars and whether an electric fleet could be the future
Most people entering the tax profession like the fact things change – we have an annual Budget (sometimes more than one!) and the tax playing field never sits still. However, the pace of change over the last 3 years in the company car/employment tax space has been somewhat unprecedented! We have had such a sustained period of uncertainty and change, with many signs that this will not stop.
The recent headline is that the Government have announced plans to consult on stopping the sale of all new cars with Internal Combustion Engines (“ICE”) with effect from 2035, with an additional suggestion that they may bring forward that date to 2032.