trkkshotbry wrote:Do you guys really pay a yearly tax on co2 emissions?
We have all the taxes you could ever want
For the private motorist, there are different levels of
road tax, an annual payment which provides a coloured paper disk to be displayed in the windshield, where the cost varies according to broad categories of CO2 emission. Then of course there is the duty imposed on fuel, and then there is sales tax on top of the (fuel + duty) amount.
When a company provides a car for its worker that is also available for private use, (and this includes commuting), there is a 'taxable benefit' value which is scaled according to a larger number of categories of CO2 emissions, plus additional loadings depending upon which emissions standard the car meets, so it's not just CO2 but also includes NOX and particulates.
If a company also provides fuel for a company car for which the worker does not reimburse private use, then there is a similar 'taxable benefit' value.
In both cases the taxable benefits for company cars are added to the worker's salary and taxed at their highest rate of income tax. The company also has to pay national insurance surcharges for both cases, (national insurance being just another form of income tax that the government pretends isn't income tax, although really it is).
That's a rough outline and the full gory details can be found at the
HMRC website.
there is only the road, nothing but the road ...