Fleet News

Industry demands action in Pre-Budget Report

The industry is calling for decisive action from the chancellor in his Pre-Budget Report, which will be delivered on 24 November.

There is hope that last year’s decision to increase Vehicle Excise Duty rates for cars registered after 2001 will be reversed or delayed.

“We would like the retrospective aspect to be completely reversed rather than delayed,” said Peter Tatlock, MD Masterlease.

“It was unpopular earlier this year and will remain unpopular and unfair whenever he plans to introduce it.”

Jason Francis, managing director of Jaama recently received an email from 10 Downing Street in response to a petition for fuel duty reductions.

It said that there would be “no increase n fuel duty this year”.

Mr Francis said: “Not only should fuel duty not be increased, but the chancellor should commit to current levels being held at least until there is economic recovery.”

However, Mr Tatlock said the industry would welcome a cut in fuel duty more, despite the mixed environmental message this may give.

“We also need clarity on the Capital and Writing Down Allowances on company vehicles now rather than in April next year,” added Mr Tatlock.

“Many fleet managers are now in a position where they will be ordering vehicles blindly for next year.

"They need to know that what they hope is a green decision for the business is not an expensive white elephant.”

Mr Francis added: “There are a number of unknowns not least the treatment of rental cars that need clarification.”

 

 

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