Road tax
In March 2001, the government introduced a graduated Vehicle Excise Duty system. Under this system all new vehicles are required to pay a rate of road tax (VED) dependant upon their CO2 emission levels. The table below shows how ecofleet customers, paying a maximum rate of £115 per year, are saving over 60% on the rates imposed upon highest polluting vehicles.
|
Banding
|
CO2 emission (g/km)
|
Petrol
|
Diesel
|
Alternative
|
|
A
|
Up to 100
|
£0
|
£0
|
£0
|
|
B
|
100-120
|
£35*
|
£35*
|
£15*
|
|
C
|
121-150
|
£115*
|
£115*
|
£95*
|
* Based on 12-month certification
Company car tax
Similar to the graduated road tax approach, from April 2002 company car tax calculations have also been based upon the CO2 emissions of the vehicle. With up to 35% of list price deemed to be a benefit-in-kind on higher emission cars, there are large tax savings being made by ecofleet customers. The government’s commitment to this approach both now and in the future can be seen in the table below, with vehicles that emit 120 CO2 g/km and below being rewarded with rates of a mere 10% in 2008/09.
|
CO2 emissions (g/km)
|
2006/07
|
2007/08
|
2008/09
|
|
120 and below
|
15%
|
15%
|
10%
|
|
135*
|
15%
|
15%
|
15%
|
|
140*
|
15%
|
15%
|
16%
|
|
145*
|
16%
|
16%
|
17%
|
|
150*
|
17%
|
17%
|
18%
|
* Round down actual CO2 figure to nearest band, e.g. 144g/km = 140g/km
Again, this structure subjects diesel cars to a supplement (3% on top of the relevant figure in the table), whilst rewarding hybrid and electric-only vehicles with discounts on the rate shown in the table of 3% and 6% respectively.
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