Autumn Budget 2024: Government to close loopholes around car ownership schemes

Autumn Budget 2024: Government to close loopholes around car ownership schemes

Anna Koussertari Anna Koussertari

Anna Koussertari

Senior Marketing Executive

发布日期: 2025年2月28日
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Autumn Budget 2024:?The government has announced plans to close loopholes in?company car tax rules?by ending contrived car ownership schemes.

In the Autumn Budget 2024, Rachel Reeves, Chancellor of the Exchequer, laid out plans to publish draft legislation around loopholes in car ownership arrangements, whereby an employer or third party sells a car to an employee and then buys it back after short period in order to circumvent?company car tax payments. Cars are often sold to an employee through a loan with no repayment terms and negligible interest.

We await further information.

The change will take effect from 6 April 2026.

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