Half of employers unprepared for company car tax changes

Almost half of senior managers in Britain are unprepared for the changes to company car taxes, which come into force this week.

According to research by fleet management firm LeasePlan UK and conducted by YouGov, many senior managers who have decision-making responsibilities for company cars said their businesses have not changed their fleet policy in preparation for the incoming tax rules.

Under today’s changes, if a business has not properly prepared for the cost of a company car, it is likely to face problems due to tightening of the CO2 thresholds used to calculate a number of tax allowances.

More than half (51%) of senior managers questioned in the poll agreed that the new tax changes would place further financial strain on their business, with more than a third (38%) saying they would be interested in guidance on how to manage the new legislation…..

http://www.hrmagazine.co.uk/hro/news/1076768/half-employers-unprepared-company-car-tax-changes

No comments yet.

Leave a Reply