Super Deduction Allowance – Time To Modernise Tax Incentives

GOVERNMENT must modernise its approach to tax incentives. The brilliant 130% Super Deduction Allowance introduced to stimulate post-pandemic recovery – while useful for commercial vehicle and equipment acquisition – is at odds with the way most businesses acquire new vehicles: and that’s by leasing and short-term hire.

So the BVRLA has written to the Chancellor, along with six other industry bodies, to change the rules to include leasing – and help speed up the decarbonisation process. You can see the point: leasing and zero emissions are the way forward. The quicker we get there the better.

Ralph Morton, editor

Key stories this week:

  • Intelligent Car Leasing Goes Green With Celtic FC Support 
  • Toyota Unveils Corolla Commercial Van
  • Read the rest of the newsletter here: Broker News, 31 August 2021

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