UK: CHANGES IN COMPANY CAR TAXATION MOOTED
Article Abstract:
Company car taxation in the UK is expected to undergo radical change over the coming few years as part of UK government efforts to bring in transport policies which enhance the environment. The indications are that company car drivers may see the advantages of driving a vehicle supplied by their employer offset by having to pay more for the privilege. Employees driving less than 2,500 business miles annually may see their tax charge cut as of 2002, with those driving a minimum of 18,000 miles being subjected to an a higher tax liability. The government has also revealed that 250,000 businesses will make an annual saving of GB[pound] 25mn via the eradication of business mileage discounts.
Publication Name: The Independent
Subject: Retail industry
ISSN: 0951-9467
Year: 2000
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UK: PLAN TO PROVIDE GRANTS FOR RURAL DRIVERS
Article Abstract:
The government is planning concessions to rural drivers to counter protests from motorists. A draft White Paper shows ministers intend to extend rebates on fuel duty to rural drivers and set up a fund to allow residents without their own transport to buy vehicles for car pools. Money may be set aside to support schemes including car-sharing clubs. The policy document admits that high fuel and other costs hit the rural motorist disproportionately hard. It acknowledges that 75% of rural journeys are by car.
Publication Name: The Independent
Subject: Retail industry
ISSN: 0951-9467
Year: 2000
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UK: BMW CHIEF ATTACKS BROWN'S EMISSIONS PLANS
Article Abstract:
Jim O'Donnell, the managing director of BMW UK, has attacked the Chancellor's plans on reducing carbon dioxide emissions from cars. Gordon Brown announced a GB[pound] 2.25bn package of measures to reward environmentally friendly motorists in his pre-Budget report. These measures included a GB[pound] 0.03 cut in the duty on ultra-low sulphur petrol and diesel and also reducing road tax for 5.5mn cars with smaller engines. However O'Donnell believes that the Chancellor's plans laced a long-term strategy and failed to deal with the problem adequately. O'Donnell also believes that there is little evidence to suggest that the Chancellor has a long-term strategy behind his plans.
Publication Name: The Independent
Subject: Retail industry
ISSN: 0951-9467
Year: 2000
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