Tag: Budget

Budget stay of execution for salary sacrifice

Salary sacrifice saved for electric cars in Budget

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…

FLA and BVRLA request government extends Super Deduction to leasing

Super Deduction should be available to lease zero emission cars

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…

Budget boosts van purchase at expense of leasing

Ford Transit Custom better to purchase and claim super deduction

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…

Lex Autolease reacts to Fuel Duty freeze

car refuelled as freeze in fuel duty announced by the Chancellor

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…