Clause 34 - Car fuel: calculation of cash equivalent of benefit
Finance Bill
4:30 pm
Mr Howard Flight (Arundel and South Downs, Conservative)
I beg to move amendment No. 8, in page 23, line 10, at end insert—
'or, where expenditure on the car in question is first-year qualifying expenditure within the meaning of section 45D of the Capital Allowances Act 2001 (cars with low carbon dioxide emissions), £10,000'.
The amendment is modest. It suggests that if the Government are earnest about wanting to encourage cars that use environmentally friendly fuels, they should make a special provision as an incentive for employers and employees, so that the arithmetic that calculates car fuel benefit is based on the smaller sum of £10,000, rather than on £14,000, for cars with low carbon dioxide omissions. That is joined-up thinking to make such incentives effective.