Eight trade associations have written to the Chancellor recommending a new Green Super-Deduction replaces the existing programme
THE Chancellor’s Super Deduction allowance, offering a 130% first year allowance for main pool expenditure incurred up to April 2023, needs to be rethought to include leasing. That’s the view of the the BVRLA and six other leading trade associations who have collectively written to the Chancellor, urging him to modernise the way Government uses tax incentives to drive business investment in…
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…
THOUGHT there was nothing of note in Wednesday’s Budget (03 March 2021) for leasing brokers? Then think again. The introduction of Super Deductions means brokers should start gearing up to offer their customers Contract Purchase or HP on vans rather than Business Contract Hire. Let’s go. Super Deductions and light vans Super Deductions come into force from April 2021 and offer companies…