Salary sacrifice car schemes: dispelling the myths

In the Autumn Statement 2016 Chancellor, Philip Hammond, confirmed plans to overhal the tax advantages of many salary sacrifice schemes, including company cars. David Hosking, CEO of Tusker unpicks the facts and truths behind the top ten most common misconceptions over upcoming tax change

Following the Autumn Statement and subsequent publication of the Finance Bill, where changes have been highlighted for many salary sacrifice schemes, there has been a great deal of confusion over the facts about the future tax changes and their impact on existing and future car salary schemes. This has led to the perpetuation of several myths around what the government changes mean. Here's a quick guide to cars and salary sacrifice schemes, to help assuage fears that cars are once again in the Treasury spotlight.

1. Salary sacrifice schemes, other than those explicitly excluded, have been scrapped by the government

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