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.
Employee car ownership schemes are now typically found at manufacturers and dealers, where they are valued for providing new cars, often in high specification, exempt from benefit-in-kind and replaced regularly.
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The question remains whether this tax will affect used car values.
Authors summary: ECOS reform impacts manufacturers and retailers.
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