The BVRLA is urging the Chancellor to support the uptake of electric cars by keeping Benefit-in-Kind rates low and giving foresight beyond the current 2024/25 cut off. Highlighting the success of the tax regime for electric cars to date, the campaign is encouraging industry professionals to write to their local Member of Parliament (MP) to educate them on how company car schemes are democratising the move to EVs.
BVRLA responds to Chancellor's Spring Budget:
The BVRLA has written to HM Treasury ahead of the Spring Budget to outline what the Chancellor must do for the vehicle rental, leasing and fleet sectors to support recovery.
The Government has halted plans to introduce a new graduated system of Vehicle Excise Duty (VED) for light goods vehicles or motorhomes from April 2021, to avoid distracting the automotive sector and businesses more widely from the challenges they currently face from the Covid-19 pandemic.
The latest HM Revenue & Customs (HMRC) statistics have been published for company car and fuel benefits in kind (BiK) in 2017 to 2018.
Members have asked the BVRLA about obtaining a Certificate of Conformity (CoC) to access the zero-emission mileage (ZEM) figure of a particular vehicle. The association can confirm that a CoC is not needed unless you are planning to export a vehicle.
HM Treasury is seeking industry's views on Vehicle Excise Duty (VED) and the BVRLA is canvassing suggestions from members on moving towards a more dynamic system.
HM Treasury is currently consulting on Vehicle Excise Duty (VED), seeking views from industry to help inform how it can move towards a more dynamic VED system which uses the tax to help reduce road transport emissions.
The BVRLA has published an FAQ on vehicle testing changes to help members communicate the impact of recent VED changes on their new lease vehicle.
There have been numerous concerns raised with the BVRLA about obtaining a Certificate of Conformity (CoC) to access the zero-emission mileage (ZEM) figure.
HM Treasury has confirmed that it will not be delaying the introduction of WLTP-based motoring taxation in April.
The BVRLA welcomed the range of electric vehicle grants and tax incentives announced by Chancellor Rishi Sunak in last week’s Budget.