One Planer
Global Moderator
Have they been asked to pay back any taxes ?
They bought the car expecting the cheaper tax which they got. Are they out of pocket ? Do they now pay more tax or have they exchanged the car for another one ( im guessing we are talking about leasing here ? )
No Phil, we buy our cars outright, then depreciate them over 4 years.
If the emissions were to be reclassified, they would be out of pocket.
I suppose it's a matter of opinion but I would suggest that most companies look at the emission and subsequent tax brackets when looking into ordering company cars.
If, and it is an If, emissions regulations were reclassified, then companies could be considerably out of pocket.