Last week, the Chancellor of the Exchequer, Philip Hammond, presented his Autumn Budget to Parliament.
Last week, the Chancellor of the Exchequer, Philip Hammond, presented his Autumn Budget to Parliament. The Budget, which he described as ‘a Budget to lay the foundations for a country fit for the future’ included several announcements that will be of interest to BVRLA members.
Responded to the Budget, BVRLA Chief Executive Gerry Keaney welcomed the Chancellor’s decision not to increase the tax burden upon commercial vehicle operators and was pleased to see investment ploughed into the country’s EV charging infrastructure.
Keaney was however, disappointed to see an increase in the company car tax diesel supplement, retrospectively raising the company car tax bill of hundreds of thousands of workers.
The BVRLA has summarised all elements of the Budget that will be of interest to members in this document, which can be downloaded here from our website.
The press release detailing the full response from the BVRLA can be read in full here.
The BVRLA has also updated a series of Factsheets to reflect changes following last week’s Budget announcement. Members are encouraged to become familiar with the revised information contained within the following factsheets:
- Company car tax – details of the increase to the diesel supplement
- Company van and fuel benefits – new scale charges for van benefit and fuel benefit
- Fuel benefit charge – set figure for calculating fuel benefit charge
- VED tax regime – new VED charges for diesel cars
- National minimum wage – new rates applicable from April 2018
