Tax break on green lease cars gets temporary reprieve

Plans to scrap the tax break given to lease car drivers with energy efficient cars are to be amended to lessen the shock for lease car firms, the AD reports on Wednesday.


The paper says junior finance minister Frans Weekers has told car magazine Autoweek the tax break will run for five years or until the car is sold, rather than stop next year as originally planned
Lease car drivers pay tax for their company car of up to 25% of the catalogue value if they use their car for private travel, but in 2008 the tax was cut to14% or 20% for green cars.
Weekers is also planning to make the level of sales tax paid for a new car entirely dependent on its CO2 emissions, the AD said.
Earlier stories
Tax breaks on green cars set to go

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