The Paris Climate Agreement. Commitments to improve air quality. The UK Government’s clean transport strategy. These are just some of the initiatives that are creating a future that polluting vehicles won’t be part of.
The government is stopping short of strong-arming citizens into greener cars. Instead, people are being prompted people to make low emission vehicle choices using a carrot and a stick. Tax breaks will favour those who drive ultra low emission vehicles (ULEVs) and penalise people who stick with higher polluting vehicles.
This change will come into effect in the 2020-2021 tax year when HMRC introduce new tax bands for company cars and car benefits. We explain what this radical shake up involves and what it means for drivers and organisations.
Find out how you can prepare for the 2020-2021 company car tax bands, here