§ Mr. Iain Millsasked the Chancellor of the Exchequer how much a business user of a company car pays in petrol tax and duty where his annual mileage is 25,000 miles.
§ Mr. HayhoeTypically about £650 a year in petrol duty at the current rate. Value added tax on petrol can be reclaimed in respect of business use.
§ Mr. Iain Millsasked the Chancellor of the Exchequer if he will estimate the additional cost to a company car user travelling 25,000 miles per annum if petrol duty were increased by 35p per gallon.
§ Mr. HayhoeIt is estimated that the additional annual cost would be about £275.
§ Mr. Iain Millsasked the Chancellor of the Exchequer if he will raise the level of salary, at which taxation of company cars starts, to £12,000 per annum.