Motoring tax trap closes in on Government – but will the Chancellor act?

NOVEMBER 27 2012 – FOR IMMEDIATE RELEASEA TAX TRAP is closing in on the Government as the efficiency of today’s new cars threatens to starve the Treasury of revenue, according to CAP Automotive - the car information experts. Exclusive analysis by CAP reveals that today’s most popular cars would have delivered 18% less fuel duty and VAT and a massive 58% less in VED revenues over the past 3 years than the equivalent models that were registered in 2009. It means the Treasury is falling into a tax trap and motorists should pay careful attention to the Chancellor’s Autumn Statement on