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| | Tax changes - Seen to be Clean (Site not responding. Last check: 2007-10-12) |
 | | This provoked a storm of protest from the motor industry and, by way of a compromise, the government said the 3% supplement would be waved for diesel engines which met stringent standards, known as Euro IV, which all new diesel cars must meet by 2005. |
 | | At the time of the announcement, there were no vehicles that met the Euro IV benchmark, but drivers still turned to diesel engines in their droves, as their low carbon dioxide emissions cut tax bills, despite the 3% supplement. |
 | | If the vehicle were not Euro IV-compliant, the tax bill would rise to £108 per month, an £18 per month rise, equal to an extra £648 over a three-year period, or £64,800 for a 100-vehicle fleet. |
| www.accountancyage.com /print/1134984 (1392 words) |
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