Essential CO2 enquiry service for fleet managers

*AFRL – Automated First Registration and Licensing. The new company car tax regime comes into effect in April 2002. The rate of tax payable will be based on list price of a car adjusted by its carbon dioxide output. Cars emitting less than 165 g/km CO2 will be taxed at the lowest rate, 15 per cent of list price. Increments of 5 g/km will add one per cent to the taxable rate. For example, a car emitting 170 g/km CO2 will incur 16 per cent tax on list price, 195 g/km will incur 21 per cent. The maximum rate will be 35 per cent. Diesel cars attract an additional three per cent levy. The new CO2 based system replaces the current ‘mileage adjuster’ where company car tax is based on the list price adjusted by the number of business miles driven in a year. SMMT has an unrivalled reputation for delivering tailor-made industry data, and detailed statistical reports based on CO2 emissions are now available. Examples include linking CO2 values to volume registrations, focusing on different market segments and CO2 breakdown by private and fleet sectors and by fuel types. Example reports:New car fleet registrations by market segment. Lowest CO2 emissions by model segment Segment See attachment for details)Notes to editors SMMT today launched a new improved CO2 enquiry service designed to supply the most accurate and up-to-date information at the click of a mouse. Fleet buyers can assess the company car tax liability of more than 10,000 model variants via the SMMT web site – www.smmt.co.ukCO2 information for new cars is now sourced directly from first registration forms. It is received electronically via the AFRL* system, or from the V55 form, cutting down on data input errors. The entire database is refreshed every month as new models and model variants come on stream, making this the most comprehensive CO2 information service available in the UK. Existing CO2 data for older models has also been updated, ensuring that all the information is as accurate as possible. Commenting on the improved service, SMMT chief executive Christopher Macgowan said, ‘A great deal of work has gone into ensuring that this service provides the best guide to CO2 emissions in the UK. The fleet industry in particular needs a reliable source of CO2 data, and we are now in a position to supply this. Dramatic improvements have been made in both the quality and detail of the data’. Fleet buyers focus on CO2New cars with low CO2 emissions are becoming more popular, as fleet buyers focus on changes to company car tax rules. Under the new system, which comes into effect next April, cars which emit up to 165 g/km CO2 will be taxed at the lowest rate. So far this year 237,516 cars which qualify have been registered to fleets, a rise of more than 14 per cent on last year. The number of model variants on the market has also risen from 833 in June 2000 to 1,157 today, an increase of 39 per cent. DownloadClick to share on Facebook (Opens in new window)Click to share on Twitter (Opens in new window) For further information on CO2 reports, or any other industry data, contact Tim Bruin on 020 7344 1655 or E-Mail read more