§ Mr. MillsTo ask the Chancellor of the Exchequer if he will urgently publish a detailed guide to the procedures to be followed by employers and employees in the assessment of their obligations on company car tax including definition in detail of assessment of car list price; and if he will make a statement.
§ Mr. DorrellGuidance for employers on the new system for taxing company cars on the basis of their list price from 6 April 1994 will be published by the Inland382W Revenue on 29 October and will be available from all tax enquiry centres and tax offices. A guide for employees will be published on 8 November. Both give details of how the list price of a car for tax purposes was defined in the Finance Act 1993, following consultation in 1992.
The Inland Revenue also issued on 27 September a press release confirming that the new system is based on the list price of individual cars. A copy is in the Library.