The BVRLA has published an updated Business Car Taxation factsheet, which now includes some of the changes to capital allowances announced in the recent Budget.
These include:
- From 1 April 2019, the ‘special pool’ rate will move from 8% to 6%. This represents the percentage of the capital cost of a high-emitting vehicle (see below) that a purchasing business will be able to claim back against their taxable profits.
- From 1 April 2018, the new CO2 rate threshold for the ‘special pool’ of high emitting cars was reduced to 111g/km instead of 131g/km.
The factsheet can be downloaded from the BVRLA website.
