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4th August 2010
A meeting of HM Revenue and Customs'' (HMRC) benefits and expenses sub-group concluded that its measures would be broadly in line with the pre-Budget report.
However, in divergence from this will be the rate for ultra-low emission cars with emissions of 75g/km or below, which will now be taxed at five per cent.
"It was expected that qualifying vehicles ... are expected to be available shortly," the meeting heard.
In the 2010/11 period, the lower threshold will also be reduced by five g/km to 130g/km.
Bob Jones, founder of advisory group internet-taxation.co.uk, recently told ContractorUK.com that contactors making claims should be aware that travel expenses can fall within three different areas – travel in the performance of duties of employment, travel to temporary workplaces and residents of the UK working outside the country or non-domiciled foreign residents working inside Britain.
Zero emissions cars ''will pay 0% CCT rate''
Umbrella company users will be able to pay zero per cent CCT on zero emissions cars.
A meeting of HM Revenue and Customs'' (HMRC) benefits and expenses sub-group concluded that its measures would be broadly in line with the pre-Budget report.
However, in divergence from this will be the rate for ultra-low emission cars with emissions of 75g/km or below, which will now be taxed at five per cent.
"It was expected that qualifying vehicles ... are expected to be available shortly," the meeting heard.
In the 2010/11 period, the lower threshold will also be reduced by five g/km to 130g/km.
Bob Jones, founder of advisory group internet-taxation.co.uk, recently told ContractorUK.com that contactors making claims should be aware that travel expenses can fall within three different areas – travel in the performance of duties of employment, travel to temporary workplaces and residents of the UK working outside the country or non-domiciled foreign residents working inside Britain.
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