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Important updates to Vehicle Excise Duty (VED), Benefit in Kind (BiK), and changes to the Capital Allowances regime will be covered as part of a tax webinar for members in April (date to be confirmed). Sector experts will take members through the key changes coming into effect for the 2026 – 27 tax year.
After years of sustained campaigning by the BVRLA and others, positive movement was finally confirmed for the Capital Allowances regime by the Chancellor. This includes the introduction of a new first-year allowance for leasing companies, and changes to how it interacts with the short life asset election, an area the association expects will be of interest to members.
The webinar will also provide an opportunity to explore other recent developments announced in the last Budget, including:
- the expensive car supplement
- BiK easement for hybrids, based on emissions testing and type approval
- AER separate rates for public charging
To ensure the session is as useful and relevant as possible, the BVRLA is inviting members to submit any questions or topics they would like covered during the Q&A, email [email protected].
Further details, including the confirmed date and registration information, will be shared soon.
See BVRLA Factsheets:
