The Vehicle Remarketing Association has added its support to the British Vehicle Rental and Leasing Association’s response to the current Government’s WLTP consultation.
Sam Watkins, chair at the VRA, said that her organisation shared the BVRLA’s concern about how the potential, negative impact on the company car sector could have widespread repercussions.
She explained, “The Government’s stated intention to do nothing to the bands equates to a relatively substantial increase in company car taxation.
“This is problematic in several respects and, we believe, shows a potential lack of understanding about the company car’s role in both the UK motor industry and wider business community. Fundamentally, the company car provides UK business with a method of flexible, cost-effective business transport that is really inaccessible through any other route.
“Making company cars unattractive to employees from a taxation point of view doesn’t mean that those same journeys won’t be made – they will, but in cars provided by employers that will be older, more polluting and potentially also less safe.”