Company Cars: Taxation — Written Question

Question

Mr Richard Holden

Conservative — Basildon and Billericay

To ask the Chancellor of the Exchequer, what assessment her Department has made of the potential impact of proposed changes to benefit in kind taxation for vehicles provided through Employee Car Ownership Schemes on retired scheme participants; and if she

Answer

Dan Tomlinson

At Autumn Budget 2024 the Government announced plans to change the legislation around Employee Car Ownership Schemes (ECOS), to prevent them being used by employers to circumvent the employee company car tax (CCT) liability and the employer NICs liability...

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