The new Workplace Parking Levy (Tax) came into force this week and I have deliberately avoided blogging about it until now. I have been thinking this one through. I’m not sure I am closer to a conclusion, but I do have some thoughts.
Firstly the positive. I think we should plan our transport for the long term. We need to find better ways of getting people around that the motor car. That doesn’t apply to me, of course. This is because I need my car for my work (not to mention the fact that I can be allergic to some of the nutters you find on public transport).
The tram seems a pretty good thing – after all that’s what the WPL(T) is paying for. In some small way I will benefit as it will come past my office window – although if it dings more than once a week I shall be unhappy.
But then some of the negatives.
As a business we have decided not to pass on the charges to our staff. This is partly as we have three offices and how we could charge on office but both the others seems to be difficult. Then there is the charge itself – £288 this year for every space where there are more than 10 at the workplace. Then 2013 sees the WPL rise to £334, while the subsequent two years will see the WPL(T) increase to £364 and £381. That’s 32% over 3 years. Wow.
Then there’s the small matter of ‘marginal taxation’. There’s no such thing when it comes to WPL(T). If you have 10 spaces you pay £0.00. If you have 11 you pay £3,168. I’m not sure this is right or fair.
Business is tough at the moment and adding this sort of overhead to the firm is not helpful. We bring people into the City to work, we generate jobs and prosperity.
As a firm we have already started to see incoming business ask whether a property is caught by the WPL(T). That could be a slippery slope?