We want to buy some Euro IV diesels at the end of this year and obtain the 3% saving against list price.
If the car is not actually taken onto the books until January 2006 or the driver changes, does the 3% relief still apply?
Richard Brown
Replies (1)
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Yes
According to the regulation (The income tax (car benefits) (reduction of value of appropriate percentage) (amendment) regulations 2005), the reduction is withdrawn for vehicles REGISTERED on or after 01/01/2006.
It's the vehicle which qualifies for the discount, not the driver, so changing driver should not affect the tax calculation.
Neil.