Company Car Taxation Changes for 2012

From the 6th April 2012 special rules for qualifying low emission cars (QUALEC’s) will be abolished.

The lower threshold will also be reduced to 120g/km from 125g/km. This is the CO2 emission figure which sets the 15% rate.

The lowest percentages are still 0% an 5%, but the 10% rate will only appy to cars up to an emission level of 99g/km. From 100g/km the rate will be 11% and rises by an additional 1% for every 5g/km to the current maximum (220g/km) of 35%.

For more information on this please visit www.hmrc.gov.uk/cars/rule-changes.htm