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BUDGET '07: Company car tax frozen
Date: 22 March 2007
Gordon Brown stuck to his promise of giving businesses at least three years' notice of changes to company car taxation and revealed thresholds would be frozen for 2009-10.
The Chancellor also announced the free fuel benefit charge would remain at £14,400 for 2007-08.
The company car tax banding freeze means the entry level for petrol cars in the benefit-in-kind taxation system will be 15% for vehicles meeting 135g/km from April 2008 and remain so until spring 2010.
The 3% penalty for diesels remains in place.
