Dubbed “The Inside Track: a guide to company car taxation”, a report by the two firms looks at the latest changes including:

• The re-calibrating of CO2 thresholds for the Capital Allowance regime
• The introduction of new Company Car Tax bands to better support the take-up of ultra low emission vehicles (ULEVs)
• The cancellation of the planned September 2013 fuel duty increase
• The additional 1% reduction in the corporation tax rate

The report by LeasePlan Consultancy Services looks at how this year’s Budget announcements means that an employer running a typical contract-hire fleet of 560 vehicles can expect to pay £102,683 more over the four-year cycle. The guide provides useful information for businesses on how to select the most appropriate fleet funding option and benefits structure and looks at the benefits of choosing low-emission vehicles.

David Brennan, managing director, LeasePlan, said: ‘Anyone involved in the fleet market understands that taxation is a key cost driver. With new provisions announced every year and a complex timeline of when they come into force, we wanted to help our customers understand how their own fleet will be affected. Our experts routinely advise customers how to restructure their fleet for maximum cost efficiency.

‘With greater awareness in society of the need to curb pollution and up to three million company cars on the road, the Government is using the UK taxation system to incentivise lower-carbon fleets. It will come as no surprise that carbon emissions are a key factor influencing the tax structure, and should be a central consideration for employers when designing company car policies or choosing which vehicles to lease.’

To download a copy of the report, visit http://www.easiertoleaseplan.co.uk/insidetrack/ or email [email protected] for expert advice.