The BVRLA has welcomed today’s announcement from HM Treasury confirming the government’s decision to freeze company car tax. A move set to benefit just under a million company car drivers.
Those with vehicles registered before 6 April 2020 will see their company car tax bands being frozen at the 2020/21 rates until 2022/23. Those registering new cars after 6 April 2020 will also be rewarded with a two-percentage-point tax cut. It will also see all zero-emission company cars paying no tax.
The announcement came in the government’s response to the recent Review of WLTP and Vehicle Taxes following an extensive consultation with industry, taking in the views of BVRLA members and other industry colleagues seeking support for the company car market.
BVRLA Director of Policy and Membership, Jay Parmar said:
“The Government has responded positively to the Company Car Tax campaign mounted earlier this year by the BVRLA, its members and fleet industry colleagues. Our regular engagement with policymakers is clearly paying off as there now appears to be a greater appreciation for the importance of our industry in delivering government’s wider economic and environmental ambitions.