Jeff Whitcombe of BCF Wessex decodes the Rachel Reeves Budget which provides continued support for electric vehicles and salary sacrifice.
Much in the Rachel Reeves Autumn Budget 2024 was aimed at keeping the focus on EVs. It also looks like the end of PHEVs as a stepping stone to full EVs, both for company car fleets and on salary sacrifice programmes.
The Budget on 06 March 2024 was called the Budget for Long Term Growth. Which measures affect the fleet and leasing industry?
What will the Growth Plan – or mini budget – mean for the fleet industry and its products?
SALARY sacrifice remains a tax-effective solution for fleets following yesterday’s Autumn Budget and Spending Review (27 October 2021). There was nervousness in the fleet industry that changes to the Optional Remuneration Arrangements (OpRA) were to be introduced which would be a significant blow to the many successful salary sacrifice schemes leasing brokers have introduced. But with no announcement, the substantial income tax…
THE FLA and the BVRLA have written jointly to the government to say the brief of its Super Deduction allowance doesn’t go far enough. Both trade associations say that the Super Deduction should extend to leasing and plant hire. Currently the Super Deduction can be used to purchase items such as new vans via contract purchase – see our analysis of the…
Super Deductions favour van purchase over van leasing Salary Sacrifice looks set to become more popular No change in company car tax with generous incentives for zero emission cars Budget report presented in association with BCF Wessex, tax consultants and creators of Gensen car calculator tools THOUGHT there was nothing of note in Wednesday’s Budget (03 March 2021) for leasing brokers? Then…
The Chancellor of the Exchequer, Rishi Sunak, today froze fuel duty at its current rate (03 March 2021). The freeze will help drivers during the recovery post-pandemic as they start returning to work, with many likely to favour personal transport over using public transport, especially as fuel prices have been creeping upwards. The RAC’s most recent fuel report said that that fuel…