<b>Budget 2006:</b> Modernising company cars. By Nichola Ross Martin
The government is to consult on a radical change in the tax treatment of 'expensive cars', red tape and environmental considerations.
The Government has been considering a range of options for modernising the current restrictions on relief for expenditure on business cars which would both address the concerns raised by business and ensure consistency with the government's wider objectives on the public finances and the environment.
A Partial Regulatory Impact Assessment published with the 2006 Budget suggests that modernisation can be best achieved by introducing a new car pool for all car