The current Benefit in Kind (BiK) taxation structure is the single biggest driver of zero emission vehicle uptake in the UK.
From the 1st January 2021, if goods are transported into Northern Ireland (NI) from the United Kingdom (UK) or a country outside of the EU, they may be subject to EU customs duty.
To help improve air quality, an Ultra Low Emission Zone (ULEZ) operates 24 hours a day, 7 days a week, every day of the year, except Christmas Day (25 December), within the same area of central London as the Congestion Charge.
Following the application of the Senior Managers and Certification Regime to the banking sector in 2013, from the 9th of December 2019 the SM&CR became enforceable for all FCA solo-regulated consumer credit firms. The SM&CR replaced the current Approved Persons Regime for SM&CR firms.
The BVLRA has engaged with HMRC to clarify the treatment of combination vehicles and has prepared this guidance note giving the current position to create maximum clearness for members.