21 March 2007

Modernising tax relief for business expenditure on cars: a consultation update

The Government published a consultation document in March 2006 on "Modernising tax relief for business expenditure on cars", including a partial Regulatory Impact Assessment. In brief, the Government indicated it was considering abolishing the current rules for restrictions on capital allowances for "expensive cars" and introducing new rules that would be simpler to administer and would also have a beneficial environmental focus.

This document provides an update to the 2006 consultation document by refining the Government's preferred option and inviting further views from business. Comments should be received by 16 May 2007.

Modernising tax relief for business expenditure on cars: a consultation update is available in Adobe Acrobat Portable Document Format (PDF). If you do not have Adobe Acrobat installed on your computer you can download the software free of charge from the Adobe website. For alternative ways to read PDF documents and further information on website accessibility visit the HM Treasury accessibility page.

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