The Government has admitted in a new report that tax revenues are at significant risk from the switch to electric vehicles (EVs).
The Government has extended is call for evidence on whether the Vehicle Excise Duty (VED) system should be overhauled to encourage the greater uptake of low-emission vehicles.
Cap HPI says it will be ready for the introduction motoring taxes based on the emissions test in April 2020.
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.
Rumours of a possible hike in fuel duty continue to circulate ahead of the Budget on Wednesday (March 11).
Up to a quarter of a million grey fleet vehicles could be evading Vehicle Excise Duty (VED), with a potential financial risk of £18m in fines according to Licence Bureau.
Transport Committee says Government cannot ignore “fiscal black hole” from falling fuel duty receipts.
the two percentage-point saving for WLTP-rated cars doesn’t offset the rise in CO2 emissions over NEDC-correlated cars
Chancellor says response will be made ‘in the coming months’, leaving fleets in limbo
The Spring Statement has failed to deliver any clarity for the fleet and leasing industry over future tax rates.
Fleets may have to wait beyond the Spring Statement to find out whether the Government will make changes to company car tax and vehicle excise duty (VED).
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 Chancellor of the Exchequer is expected to announce an additional £420 million to tackle the growing pothole problem in this afternoon’s Budget.
By Gary Smith, managing director of Europcar UK Group
Fleets are rethinking vehicle choices as a result of an increase in BIK tax and vehicle excise duty based on new vehicle engine testing standards.
Chancellor makes spring statement commitment to consult on reducing Vehicle Excise Duty (VED) for environmentally friendly vans.
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