UK: Used car pricing specialist forsees no adverse affect from tax rule change
From January 2006, UK employees choosing new diesel-powered company cars that comply with the Euro IV emissions standards will no longer be exempted from a 3% Benefit-in-Kind (BIK) tax surcharge. Although this will increase the tax burden of most company car drivers opting for diesel, Glass's Market Intelligence Service predicts that that there will be minimal impact on the continued upward growth in diesel registrations, or on the residual values of diesel cars.
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