F&I Management & Training

A new 'showroom tax' that could add up to £2,000 to the price of the highest emission 'gas guzzlers' could be unveiled in tomorrow's (March 12) Budget. According to weekend newspapers the tax is one of the measures being considered by Chancellor of the Exchequer Alistair Darling in his first Budget. With 'green' taxes expected to be at the forefront of the Budget, the 'showroom tax' would be aimed at encouraging the increased uptake of low- emission cars. The new tax would be graduated and based on the existing seven Vehicle Excise Duty bands with high-emission cars attracting the heaviest tax. However, some petrol versions of family cars produced by mainstream manufacturers such as Ford and Vauxhall fall in the higher VED brackets. However, The Times has suggested that any move to target high emission cars with increased taxes could be delayed for at least a year.

DATED: 12.03.08

FEED: AM