HC Deb 17 November 1982 vol 32 c162W
Mr. Ian Mills

asked the Chancellor of the Exchequer what would be the loss of revenue resulting from raising the salary limit used in calculating the tax implications of company cars from £8,500 to (a) £10,000, (b) £12,000 and (c) £15,000.

Mr. Ridley

In a full year, at 1982–83 levels of income and tax rates, the revenue cost of raising the £8,500 limit to the levels suggested would, in relation to car benefits alone—and excluding any effect in relation to car fuel—be(a) £7 million, (b) £15 million and (c) £25 million.