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Reduction of emissions threshold for CAs

HMT budget document "overview of tax legislation and rates" published yesterday states at para 2.30 (page 21) that the emissions threshold for a main rate car will reduce from April 2013 to 130g/km.

I guess that this would only apply to cars purchased on/after April 2013, ie if you buy a car emitting 150g now then that would continue to attract 20% (18% from April) WDA throughout the time it was owned by a business.  Am I guessing right? 

Thanks

Tim

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26th Mar 2012 10:58

Wait and see!

There are a number of things in the Budget docs that don't yet make much sense so we will have to wait probably until the Autumn when we get draft legislation for FA 2013 to emerge.

Virtual Tax Support for accountants and their clients: www.rossmartin.co.uk

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