Budget 2024: company car tax up 2%

Company car tax will increase by 2% hitting a maximum rate of 39% while contrived company car ownership schemes will be outlawed

The rates for company car tax (CCT) for 2028-2029 onwards are being set in advance to ‘provide long term certainty for taxpayers and industry’ and will retain focus on encouraging the move to electric vehicles. The rates will come into effect from 6 April 2028.

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