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Company car tax will see the biggest shake-up since 2002, when the CO2 banding system was introduced.
From April 2012 the new CO2 banding system will see cars with less than 100g/km qualifying for the lowest 10% BIK band.
The bands will then rise in 5% increments meaning cars with CO2 emissions of 100g/km to 104g/km will be in the 11% band and so on.
This tightening of the banding will mean a car currently in the 15% tax band with emissions of between 135-139g/km will see their tax band jump to 18%.
The maximum 35% tax band will now apply to vehicles with emissions of 220g/km or more.
The Chancellor did not make clear if the 3% diesel surcharge would still apply.
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