Edmund Paul and Mike Herdman summarise the key changes in employment taxes in 2020 and the steps that businesses should be taking to prepare
The employment tax landscape is evolving with several changes being introduced that will increase the costs for businesses when providing benefits and engaging with workers.
Taxation of company cars
Cars registered from April 2020: changes to the measurement of CO2 emissions
When calculating the cash equivalent value of company cars, one of the key elements of the calculation is the CO2 emissions of the vehicle. The higher the CO2 emissions of the vehicle, the greater the appropriate percentage resulting in a higher cash equivalent of the car.