Assessing the Impact of ECOS Reform
The government's impending tax on employee car ownership schemes (ECOS) is unwelcome news for manufacturers and retailers.
Those with experience in fleet may remember ECOS before they were affected by the Optional Remuneration Arrangements (OpRA) changes in 2017.
Employees at manufacturers and dealers, where the schemes are now typically found, benefit from them, as they get a new car, often in a high specification, exempt from benefit-in-kind and replaced every three or six months.
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The question remains whether this tax will affect used car values.
Author's summary: ECOS reform impacts manufacturers and retailers.
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