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Pan-Euro Car Taxes On The Way

Sun, 01 Sep 2002
This is from SMMT chairman Chris Macgowan’s private newsletter.

While changes are not imminent, when they come they could lead to closer harmonisation of pre-tax car prices across the EU.

New EU car tax plans to be published soon

"Internal market commissioner, Frits Bolkestein is planning to introduce a new EU vehicle taxation scheme based on more environmental criteria. The harmonisation of vehicle taxation has been on the Commissions agenda for a number of years but the commissioner now plans to publish a communication outlining his proposals in the next two weeks. Mr Bolkestein is reported to want an overhaul of the current taxation regimes for vehicles within the EU in order to overcome the current market fragmentation due to tax differentials, to establish EU-wide environmental elements to vehicle/fuel taxation, and to focus on ecological company car taxation. It is also reported that Mr Bolkestein intends to phase out VED, progressively increase diesel duty and harmonise duty of lead-free petrol. It is unlikely that the plans will be passed without some controversy. Two fellow commissioners have already rejected the proposals and taxation proposals need unanimity in the Council of Ministers." (Source: EUObserver.com)

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