How to cut business car tax by going green

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How to cut business car tax by going green

Fri 10th Oct 2008

Businesses can reduce the cost of car provision for employees by going green, it has been claimed.
The Sheffield Telegraph carries an article for employers and drivers of company cars explaining how to cut tax bills through more eco-friendly motoring.
It explains that employers get tax relief for the full gross cost of a low emission car in the year of its acquisition, because such cars attract 100 per cent first year capital allowances.
Recent tax breaks have been introduced for employees with company cars with CO2 emissions of 120g/km or less.
Low emission cars can also be offered to employees in return for salary sacrifice - when an employee gives up some of the money due in a contract.
The article also refutes the view of low emission cars as unreliable, noting that such makes as Audi and BMW are now included in the range.
A new green car is also to be launched by Skoda.
The Superb Greenline is released next week, with a CO2 emission of 136g/km.
According to thegreencarwebsite.co.uk, it will cost £16,170, has a 1.9 TDI PD engine and is described as "flexible and spacious".

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