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Fleet operator organisation Acfo has put forward a strategy it says the government should adopt to "protect and enhance" demand for company cars.
The six point plan has been sent to HM Treasury in response to its review into the impact of the WLTP emissions regime on company car BIK tax and VED.
WLTP, to be adopted in full next year, is set to bring increases in official car CO2 emissions figures, which form the basis for the tax rates.
According to Acfo, the government should do the following:
Acfo deputy chairman Caroline Sandall said: "The government cannot continue to treat company cars as a 'cash cow'.
"Word from the government has previously been that it sees the transition to a tax system based on WLTP CO2 emission figures as being tax neutral and it must adhere to that.
"Furthermore, if the government is to achieve its ambition to reduce vehicle emissions then it must ensure that the tax regime supports and enhances demand for company cars, the newest and cleanest cars on the roads, and make the changes as Acfo has outlined in its action plan."