Vehicle Excise Duty (VED) should be increased on the most polluting cars to encourage the switch to cleaner fuels, says Committee on Climate Change.
Fleet industry and tax advisers believe new HMRC guidance falls short of the mark.
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 events of the past year look set to shape the industry for years to come, while a whole host of questions remain unanswered.
A Conservative win in the general election should now pave the way for new company car tax rates to be introduced from April 2020.
Required legislation on hold, with new BIK rates, including the 0% rate for electric company cars, needing approval of new Government before they can be used.
By Paul Hollick, ICFM chairman
Tax experts from Deloitte, HRUX and Baldwins will help delegates untangle the latest developments on company car taxation and finance at Fleet Live 2019.
Government's Brexit turmoil leaves company car owners still seeking answers
Volvo has a new front-wheel-drive diesel version of the XC60, which offers fleet customers lower benefit-in-kind tax.
Employees in increasing numbers are opting to take cash in lieu of a company car amid year-on-year rises in company car tax, risking the Government’s green agenda.
Fleet News with BVRLA, ACFO and other industry stakeholders call on fleets and their drivers to comment on Government review of company car taxation rates.
Fleet decision-makers still have time to comment on a Government review into the impact of WLTP on VED and company car tax.
The Government is being warned that a failure to recognise the impact of WLTP on tax could cause long-term damage to the fleet sector and the environment.
Fleets should press the Treasury to scrap the 4% diesel surcharge next year to mitigate the impact of the new emissions testing regime on tax, says TMC.
The fleet industry will have to wait until the spring to see how the Government intends to mitigate the impact of WLTP on company car tax and VED.
Cap HPI is calling for a company car tax re-think in the upcoming budget.
The Committee on Climate Change is calling on the Government to bring forward the 2% tax rate for pure electric company cars.
Fleets have just a few weeks left before they will find out how the Government intends to mitigate the impact of WLTP on future company car tax rates.
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