In advance of next week's Spending Review, the BVRLA has written to the Chancellor to highlight the urgent need for targeted support for the used battery electric vehicle (BEV) market.
HM Revenue & Customs (HMRC) has updated its guidance around the transition rules for double-cab pickups, relating to Benefit-in-Kind (BiK) changes that came into force in April this year, following input from the BVRLA.
The UK Government missed an early opportunity to give the transition to zero-emission vehicles some welcome support, failing to reference the impending electric vehicle tax hikes or its recent ZEV Mandate consultation in today’s Spring Statement.
In the 2024 Autumn Budget, the Chancellor of the Exchequer outlined several tax changes that would impact the automotive sector. This announcement included changes to the Vehicle Excise Duty (VED) which will be effective from April 2025.
Changes to Vehicle Excise Duty, company car tax on double cab pick-up trucks and the approach to emissions testing of hybrid vehicles, were discussed as part of the BVRLA’s recent ‘Navigating New Vehicle Tax and Testing’ webinar. It can now be viewed online.
Watch as our tax and regulation experts explain the impacts of upcoming changes to vehicle tax policies and changing vehicle testing requirements, each of which are likely to impact BVRLA members and their customers.
The latest company car advisory electric rate (AER) and advisory fuel rates (AFR) have been confirmed by HM Revenue & Customs (HMRC). The rates will apply from 01 March 2025 and are broadly held at the previous values.
HM Revenue & Customs (HMRC) has updated what is considered to be a ‘Double Cab’ pick up as it seeks to provide businesses and motorists with clarity on which vehicles are and aren’t subject to the changes coming in this April.
Vehicle Excise Duty and company car tax on double cab pick-up trucks are seeing changes from April 2025. Beyond this, the approach to emissions testing of hybrid vehicles is set to be updated, potentially resulting in revised official CO2 values.
Vehicle Excise Duty, company car tax on double cab pick-up trucks, and emissions testing of hybrid vehicles, are all set to see changes from April 2025.
The BVRLA would like to help clarify which vehicles are subject to the Expensive Car Supplement once the exemption for zero-emission vehicles is lifted after 1 April.
The vehicle rental and leasing sector is seeing its optimism and enthusiasm for 2025 shackled by tax rises on top of regulatory and ZEV Mandate uncertainty. That is according to the BVRLA’s latest Industry Outlook Report, which shows that members are expecting somewhat of a ‘Jekyll and Hyde’ year in 2025.