§ Mr. Don FosterTo ask the Chancellor of the Exchequer (1) what the total cost to the Treasury will be at(a) the outset of its introduction and (b) projected in the next three years of the enhanced capital allowances for the purchase of business cars with carbon dioxide emissions not exceeding 120 grammes per kilometre, as announced in the Budget; [52394]
726W(2) to how many cars, broken down by make, vehicle excise duty was applied at a rate of a £30 reduction for carbon dioxide emissions of 120 grammes per kilometre in each month since March 2001; and to how many that rate will be applied in each of the next three years; [52392]
(3) to how many cars, broken down by make, enhanced capital allowances for the purchase of business cars with carbon dioxide emissions not exceeding 120 grammes per kilometre as announced in Budget 2002 will apply (a) at the outset of its introduction and (b) projected in the next three years. [52391]
§ Mr. EvansTo ask the Chancellor of the Exchequer how many cars in the UK this year will benefit from the new vehicle excise duty band of 120 g/km of carbon dioxide. [52982]
§ Mr. BoatengThe 120 gm/km band for vehicle excise duty (VED) applies to new licences commencing from May 2002. It is expected that about 34,000 cars will qualify in 2002–03 rising to 105,000 cars in 2004–05.
Enhanced capital allowances for cars with carbon dioxide emissions of up to 120 gm/km are expected to support about 7,000 new business car purchases in 2002–03 rising to over 10,000 purchases in 2004–05. It is estimated that the cost of enhanced capital allowances over the three years from 2002–03 will be £5 million/£10 million/£10 million. There are no stock projections for individual makes of vehicle.