§ Mr. Malcolm BruceTo ask the Chancellor of the Exchequer what are the current tax reliefs and exemptions available for company cars; and what was the cost of such reliefs and exemptions in(a) 1994–95 and (b) 1995–96. [30095]
§ Sir George YoungThe discounts, for business mileage and for older cars, from the tax charge on the benefit of private use of a company car are regarded as part of the charging structure, rather than as specific exemptions. The exemption for car accessories for the disabled, introduced in the Finance Act 1995, is expected to have negligible cost for 1995–96.