Captial Tax on Company Cars Reformed
01.04.09
With effect from April 1, 2009 for corporation tax purposes (6 April 2009 for income tax) the capital allowance treatment of all cars will be reformed.
Expenditure on cars with CO2 emissions above 160g/km will attract 10 per cent Writing Down Allowance (WDA) and expenditure on cars with CO2 emissions of 160g/km or below will attract 20 per cent WDA.