The BVRLA has updated its Vehicle Excise Duty fact sheet to clarify which vehicles are subject to the Expensive Car Supplement once the exemption for zero-emission vehicles is lifted in 2025.
Changes have been announced on how double cab pickups are taxed. From yesterday (12 February 2024), HM Revenues & Customs (HMRC) has updated its internal Employment Income Manual, which details changes to BiK and capital allowances.
The CBI has called on the Chancellor to extend full expensing to leased and rented assets in next month’s Spring Budget. This mirrors one of the BVRLA’s key asks on behalf of members and represents a priority area for the association.
Members can now sign up for the first Quick Wins webinar from the BVRLA Learning and Development Team. Each free webinar will feature content on a key topic area, with the first one being salary sacrifice - ‘Quick Wins: Exploring Salary Sacrifice in 45 Minutes’.
With the first payday of 2024 coming up for many, members need to be aware that Employees’ National Insurance Contribution (Class 1) rates have decreased from 12% to 10%.
The Chancellor’s recent Autumn Statement had a heavy focus on supporting workers via various wage support measures. For companies, a major change was announced to incentivise investments, but it came with a longstanding sting in the tail.
In today’s Autumn Statement, Chancellor Jeremy Hunt confirmed that full expensing would be made permanent but retained the historic exclusion of the vehicle rental and leasing sectors. A formal government consultation into if the exclusion could be removed in the future was confirmed, following the creation of an industry working group earlier this year*.
A host of tax cuts are expected to be announced by Chancellor Jeremy Hunt in his Autumn Statement tomorrow (22 November) lunchtime. The fiscal statement will set out the Government’s tax and spending plans for the coming months.
David Smith, Economics Editor at The Sunday Times, has been confirmed once again as a keynote speaker for the BVRLA’s Industry Outlook Conference in early December.
Fleet charging needs, infrastructure challenges and working with local authorities will be covered by Thomas McLennan, BVRLA’s Head of Policy and Public Affairs as part of Fleet and Mobility Live tomorrow afternoon (4 October).