§ 22. Mr. Hal Millerasked the Chancellor of the Exchequer what is the yield from the taxation of motor vehicles, specifically (a) the special car tax and (b) imputed income tax for use of company cars.
§ Mr. RidleyIt is estimated that the revenue yield from car tax in 1983–84 will be £615 million. The yield from taxing the benefit derived from the private use of company cars is £180 million in a full year at 1983–84 income levels. The latter estimate is provisional and subject to a fairly wide margin of error.