Treasury plans one-year tax break for zero-emission company cars
The government plans to remove company car tax for newly registered zero emission models for one year from 2020 to offset the impact of the Worldwide harmonised Light vehicles Test Procedure (WLTP).
The move is part of measures to ensure that company car tax rates are not hiked as a result of the introduction of WLTP, which will come into force in April 2020, and introduces a new CO2 emissions calculator.
Read more at Accountancy Daily.
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