Following last week’s Spring Statement, the BVRLA welcomed the Chancellor’s announcement that he wants to cut and reform taxes on business investment.
Capital allowances can play a crucial role in supporting the transition to zero emission road transport and the BVRLA continues to campaign for a regime that treats rented and leased assets fairly.
Commenting on the announcement, BVRLA Chief Executive, Gerry Keaney, said:
“It is great to see that the Government is now open to new ideas on capital allowances. This reform could play a massive role in driving fleet and charging infrastructure investment and we will be pushing for rental and leasing to be treated fairly as an efficient and effective means of financing new assets.”
See the BVRLA’s page on Fair Motoring Taxation.
