13 June 2001
In the proceedings of Standing Committee A, reported in Taxation, 24 May at page 124 under 'Mileage allowances', it was stated that '… the employee would be treated as ceasing to own the car on 5 April 2001', in connection with the withdrawal of Schedule E capital allowances for motor cars. 2001 should be 2002, as shown in clause 59(3) and (4) of the amended Finance Bill 2001.
In the proceedings of Standing Committee A, reported in Taxation, 24 May at page 124 under 'Mileage allowances', it was stated that '… the employee would be treated as ceasing to own the car on 5 April 2001', in connection with the withdrawal of Schedule E capital allowances for motor cars. 2001 should be 2002, as shown in clause 59(3) and (4) of the amended Finance Bill 2001.
