PBR 2008: Company cars – the final piece of the jigsaw. By Rebecca Benneyworth
The long awaited information on the new capital allowances rules for cars is now available. Although we are still awaiting a technical note on some of the finer detail, advisers and companies can now start to make decisions about when to replace company cars.
PBRN 17 provides sufficient detail to establish how the rules will work from next April. The new rules will apply to cars purchased on or after the date of change, so the concern about how the new rules would affect existing cars is allayed. There is one small point to bear in mind.