article_snippet: It would be Chancellor George Osborne's worst nightmare if everybody had one, as Chancellor George Osborne tax take would plummet.
article_snippet: But here's the rub, get one as a company car and you pay just 5 per cent 'benefit in kind' tax, compared to the 25 per cent that most business users pay.
article_snippet: That compares to £4,301 for a Honda CRV EC 2.2 i-DTEC auto costing £33,605, which is taxed at 32 per cent of its P11D value.
article_snippet: That's equivalent to a tax saving of £3,543 over a year or £10,730 over three.
article_snippet: Plus, The new prototype's big brother low CO2 emissions mean you are exempt from road tax — and in London, the congestion charge, too.
article_snippet: This is compared to a traditional company vehicle where a maximum of 18 per cent per annum of the cost is allowable to write down against the profits chargeable for corporation tax. '
article_snippet: This means any business with even a small fleet could save tens of thousands of pounds in corporation tax in the first year.'