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
Ralph Morton is the leading journalist in the leasing broker sector and editor of Broker News, the website which provides information and news for BVRLA-registered leasing brokers. He also writes extensively on the fleet and leasing market in both the UK and Europe.