By Edwin Kemp, associate director Mobility 2030 at KPMG UK
Cap HPI says it will be ready for the introduction motoring taxes based on the emissions test in April 2020.
In what was a Budget that will impact fleet operations for years to come, the fleet industry has broadly welcomed the measures outlined by the Chancellor.
The British Vehicle Rental and Leasing Association welcomes the range of electric vehicle (EV) grants and tax incentives in the Budget.
The Chancellor has announced new company car tax rates in a Budget dominated by measures to soften the impact of Coronavirus.
Zenith is reporting a massive increase in orders of electric vehicles (EVs) thanks to changes to company car tax rates.
Drivers looking to benefit from lower BIK tax bills has resulted in a huge growth in ultra-low emission vehicle (ULEV) orders at Fleet Alliance Group.
Leasing companies, which typically receive the CO2 data from third-party providers, are estimating emissions or trying to bring forward deliveries.
By John Clay, head of vehicle identification at Cap HPI
Uncertainty surrounding the impact of a new emissions testing regime and planned restrictions on the sale of fossil fuel and hybrid vehicles make policy review essential.
Tusker has announced that emissions on new car orders have halved in the last six months.
Employees who currently opt out of a company car are interested in re-joining schemes to benefit from proposed new rates for electric vehicles.
Fleet decision-makers will be relieved to hear that the government will not be changing the date of the Budget.
Fleets waiting for the Government to rubber-stamp new company car rates may have to wait a little longer with the date of the Budget now in doubt.
Businesses should consider reviewing their fleet policies due to a lack of WLTP CO2 data for some cars, says the British Vehicle Rental and Leasing Association.
Changes to Government company car tax tables, published on its website, suggest tax officials are preparing for new rates to finally be adopted.
Changes to the company car tax regime to boost electric vehicle uptake will persuade more employees to opt back into the benefit, says Volvo Car UK’s fleet boss.
Fleet Alliance Group is ‘upbeat’ about prospects for the fleet industry over the next 12 months after enjoying a record-breaking year in 2019.
The Government has announced that the Chancellor, Sajid Javid, has chosen March 11 as the date for his first Budget.
By John Hartley, director of product management at Centrica Business Solutions
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