1995•Unpublished venueRequires access
COMPANY CAR TAXATION. THE TRANSPORT AND ENVIRONMENT DIMENSIONS. A REVIEW OF DEVELOPMENTS
Malcolm Fergusson, D. A. W. Taylor
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Abstract
Company car sales make up more than half of all new car registrations in Britain. The report analyses trends in the numbers, characteristics and use of company cars. Some more general trends in company car provision and the relationship between company car use and road accidents are examined. Some of the main weaknesses of the taxation system have been addressed since 1990, but the annual level of under taxation is estimated to be in the region of one billion pounds, but arrangements for the taxation of free fuel remain largely unaltered. Significant excess costs are associated with the above average accident rate of company car drivers. A large part of this cost is felt by other road users and society at large. Outline recommendations for both government and fleet operators are included.