Here are the climate-related sections of speeches by MPs during the Commons debate Draft Finance Bill 2025-26: Tax Documents.
James Murray (Labour)
Benefit in kind tax for plug-in hybrid electric vehicles: the Government are announcing that if a new emissions standard for plug-in hybrid electric vehicles is introduced in Great Britain, it will help to mitigate the significant increase in benefit in kind tax that would result from higher carbon dioxide emissions figures.
The Government recognise that while it is right that higher emitting vehicles pay more tax, company cars continue to play an important role supporting our transition towards zero emission vehicles and the decarbonisation of transport. Subject to the consultation outcome, the Government intend to legislate for an easement that will apply UK-wide between April 2026 and April 2028 to help mitigate the benefit in kind tax impact. In Northern Ireland, the easement will also apply retrospectively to January 2025 in order to ensure consistency across the UK.
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