VED

News

Treasury mulls VED threshold increase on EVs to drive uptake

Hope remains £40k ‘luxury car tax’ threshold for electric vehicles will be increased as Treasury acknowledges change would help drive adoption rates.

Tax and Legislation 30 May

Pile of pound coins on top of £5, £10 and £20 notes

News

Clarity over tax threshold for EVs ‘needed now’

With thousands of electric vehicles falling foul of the ‘luxury car tax’ for the first time from next year, the Government is being urged to clarify its plans.

Tax and Legislation 27 May

News

Vauxhall cuts price of top-spec EVs to below £40k VED threshold

The move is a response to the Government’s decision to extend the ‘Expensive Car Supplement’ to electric vehicles.

Car News 1 Apr

News

Industry reaction: Spring Statement ‘fails to address’ long-term electric vehicle demand

The fleet and leasing sector reacts to the latest economic figures published by the Office for Budget Responsibility and the Chancellor's Spring Statement.

Tax and Legislation 26 Mar

News

Spring Statement: UK growth forecast halved for 2025

Fleet decision-makers and the wider leasing industry will be disappointed that there was no announcement around the forthcoming hike in VED for electric vehicles.

Tax and Legislation 26 Mar

News

Fleets hope for electric vehicle tax threshold change in Spring Statement

Fleets facing a new tax on electric vehicles, due to take effect from April, are hoping the Chancellor will deliver some good news in the Spring Statement.

Tax and Legislation 25 Mar

News

Opinion: Why an EV salary sacrifice scheme still makes sense for fleets

Matt Walters, head of consultancy services and customer value at Ayvens, highlights forthcoming tax changes and explains why salary sacrifice remains a cost-effective tool.

opinion 24 Mar

News

Vehicle tax changes prompt replacement cycle rethink

Some fleet operators are considering new replacement cycles as a result of impending tax changes, according to Mercia Fleet Management.

Fleet Management 10 Mar

News

HMRC updates definition on pick-up trucks for company car tax

HMRC updates tax guidance on double cab pick-up trucks after fleets were left confused as to which vehicles would be subject to benefit-in-kind (BIK).

Tax and Legislation 20 Feb

News

Fleets ‘in the dark’ over VED hike on electric vehicles from April

Association of Fleet Professionals is concerned many fleets are unaware of changes to VED for electric vehicles coming in from April.

Tax and Legislation 14 Feb

News

Four-in-five electric vehicles liable to £425 VED surcharge

The Government is being urged to change the threshold for the expensive car allowance, which will apply to BEVs and PHEVs for the first time from April.

Tax and Legislation 5 Feb

News

New car market to miss EV target | Fleet registrations fall year-on-year

There were 89,369 new cars were registered to fleet and business in January, some 3,262 fewer vehicles than reported in the same month last year.

registrations 5 Feb

News

Treasury confirms VED status for double cab pick-ups

Fleets operating double cab pick-ups have avoided a double whammy when the tax status of their vehicles change.

Tax and Legislation 25 Nov

News

Call for ‘simpler’ VED based on car weight and mileage

New system to tax cars is being proposed as an ‘environmentally credible’ replacement for vehicle excise duty.

Tax and Legislation 20 Nov

News

Budget: Fuel duty frozen and hybrids hit by new BIK tax rates

Hybrid cars hammered by company car tax hike in Budget, with zero-emission mileage dropped as a differentiator and rates rising by as much as 13 percentage points.

Tax and Legislation 30 Oct