Attack on gas guzzlers leaked
The Sunday Times reported yesterday that Alastair Darling was proposing a “purchase tax” on high polluting cars (4x4s etc). Details were obtained from a leaked Treasury document which also revealed that the top rate of road fund tax is also due for a large increase.
The surcharge has apparently been set at £2,000 while at the other end of the scale buyers of very green cars will be able to claim a rebate of £2,000 off the purchase price.
The proposals are strikingly similar to those put forward by the Conservatives as reported in Motor Trader last week.
No doubt all will become clear in next months Pre Budget Report.
Date: 17th September, 2007
Articles from this Author
12th October, 2017
Is investment in the UK still alive?
2nd May, 2017
UK Property – still the real deal?
17th June, 2016
Update on the Annual Tax on Enveloped Dwellings (ATED)
26th November, 2015
Property round-up - Autumn Statement
Contact a Private Client Partner
Lisa Spearman, Private Client Partner advises on 'Tales of the unexpected : UK tax where you didn’t think you would… twitter.com/i/web/status/1…
Observations on the government consultation response of 26 August 2018 by Chris Laughton, a corporate advisory part… twitter.com/i/web/status/1…
For the latest Mercer & Hole news, visit our LinkedIn page mercer-&-hole