The current Benefit in Kind (BiK) taxation structure is the single biggest driver of zero emission vehicle uptake in the UK.
A crucial new BVRLA report analyses the market and the long-term trends that will define the future of the company car.
The BVRLA Position Papers outline the association’s views, objectives and engagement activity relating to key policy areas affecting the industry.
On Thursday 12 December voters across the UK will have an opportunity to have their say once again on who represents them. The BVRLA and its members can use this time to ensure candidates and the next government appreciate the key issues facing the fleet sector. The association has produced this campaign page to help members navigate the election.
The BVRLA Fleet Sustainability Credentials show that the rental and leasing sectors are already leading the transition to cleaner transport, with 100% of the car rental fleet and 96% of leased cars being Clean Air Zone (CAZ) compliant. These compliance figures are well ahead of the average for all UK cars, where only 62% meet CAZ emission requirements.
The BVRLA has written to Chancellor Sajid Javid asking him to prioritise fleets within his autumn 2019 Budget statement.
A single national scheme for calculating company car tax exists with HM Revenue and Customs for circumstances where staff have a contractual right to use a vehicle for private purposes, which includes travelling to and from work, but they are not allocated a specific car due to the nature of the employers’ business.
Ahead of the Spring Statement, the BVRLA has written to the Chancellor to urgently raise the sector’s serious concerns about the impact of future plans for motoring taxation.
Tax is a vital weapon in any government’s policy armoury. Used in the right way, it can mobilise businesses and drive innovation or behaviour change. When poorly devised or implemented, it can damage whole industries and encourage avoidance or evasion.
The BVRLA has responded to the government’s Review of WLTP and vehicle taxes, warning of the danger that the progress made in decarbonising road transport could be reversed if the government fails to act by making tax changes to manage the impact of the transition to WLTP.