Employee Car Ownership
New Draft Legislation for Employee Car Ownership
A newly published draft clause in the Finance Bill 2026 sets out to redefine the tax treatment of cars and vans made available to employees — particularly where vehicle ownership is ultimately transferred to the employee. The proposed amendments to Chapter 6 of Part 3 of the Income Tax (Earnings and Pensions) Act 2003 (ITEPA) represent […]
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