Vol. 437 No. 6
209 Mr. Yates asked the Minister for Finance the cost of restoring the benefit-in-kind tax treatment for employees with company cars to the level that applied prior to the 1992 Budget, that is, 20 per cent of the purchase price of the car as opposed to the present 30 per cent.
The full year cost to the Exchequer arising from the change mentioned in the question is estimated at £14 million.
If the change is also intended to include a reversion to the scheme of tapering relief for high business mileage that obtained prior to the income tax year 1992-93 the estimated full year cost of the combined change would increase to £27 million.
