The BVRLA has updated its Company Car Tax factsheet reflecting the Government’s recent announcement on future rates.
Those with vehicles registered before 6 April 2020 will see their company car tax bands being frozen at the 2020/21 rates until 2022/23. Those registering new cars after 6 April 2020 will also be rewarded with a two-percentage-point tax cut. It will also see all zero-emission company cars paying no tax.
The announcement came in the government’s response to the recent Review of WLTP and Vehicle Taxes following an extensive consultation with industry, taking in the views of BVRLA members and other industry colleagues seeking support for the company car market.