Company Cars: Taxation

Treasury written question – answered on 28th June 2018.

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Photo of Mark Pawsey Mark Pawsey Conservative, Rugby

To ask Mr Chancellor of the Exchequer, when he plans to announce the rates of company car tax which will apply from April 2021.

Photo of Mark Pawsey Mark Pawsey Conservative, Rugby

To ask Mr Chancellor of the Exchequer, if he will bring forward the introduction of lower company car tax thresholds for ultra low emission vehicles.

Photo of Robert Jenrick Robert Jenrick The Exchequer Secretary

From 2020/21, the government will be introducing eleven new company car tax bands for ultra-low emission vehicles (ULEVs). These changes were announced at Autumn Statement 2016 to provide certainty of the future tax liability for company car employers and employees.

The government aims to announce the company car tax rates three years in advance of implementation.

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