HM Treasury published their Net Zero Review: Interim report at the end of 2020. The BVRLA submitted feedback on the report to the Net Zero Review Team at HMT.
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.
HM Revenue &Customs (HMRC) will be publishing new guidance early next year about how it plans to bring VAT into scope for certain charges associated with vehicle lease contracts. It has confirmed that it will not be looking to claim any VAT on a retrospective basis.
HM Revenue and Customs has issued a policy paper announcing the Government’s intention to repeal, before autumn 2021, the VAT (Treatment of Transactions) Order 1992.
The BVRLA welcomed the additional funding for electric vehicle charging infrastructure announced in last week’s Spending Review but urged the Government to work with the fleet sector before making any changes to the motoring tax regime.
The BVRLA has welcomed the Government’s decision in taking a phased approach to ending the sale of petrol and diesel car and vans but warns that setting dates is only the start of the process.
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 BVRLA responds to reports that the Chancellor Rishi Sunak is considering road pricing to offset loss in fuel duty as electric vehicle uptake grows.
The BVRLA responds to reports that the Chancellor Rishi Sunak is considering road pricing to offset loss in fuel duty as electric vehicle uptake grows.