University students graduate from car insurance to company car tax
posted on 26 December 2010 | posted in Cars and Transport
When students are in college, there are a lot of things they are oblivious about. They do not pay bills because they live in the dormitories, and if they live in the dormitories they do not have to be concerned about what they will have for break fast, lunch or even dinner because they eat at the school cafeteria which practically has a large arraignment of food to last them for the whole semester. If they have cars, they also do not have to worry about fuel and parking validating fee because they pay the parking fees at the beginning of the semester and they forget about it. They also do not get stressed about fuel because they are not constantly on the road. This all changes when they graduate and get a job and they come to know about company car tax laws that they have to abide to to the last straw. They also learn about the taxes and what they are exempted from. The exemptions depend on the type of cars they are issued by the company. If the car emits a low amount of carbon to the environment then the lesser they pay. And if they do not pay the taxes then the penalties are grave.