The Competition and Markets Authority (CMA) has published an initial update on the Road Fuel Market Study, which was launched in July. The study follows on from an urgent review that had been commissioned by the government to look at whether the cut in fuel duty, announced in March 2022, had been passed on to consumers.
As announced in the Autumn Statement on 17 November, HM Revenue & Customs (HMRC) has now released the figures for the increased van benefit charge and the car and van fuel benefit charges. The figures are increasing by the consumer price index (CPI) from April 2023.
HMRC has responded to the recent increase in fuel prices, by increasing the petrol and diesel Advisory Fuel Rates (AFRs) for company car drivers claiming back fuel costs from their employer.
The BVRLA responds to reports that the Chancellor Rishi Sunak is considering road pricing to offset loss in fuel duty as electric vehicle uptake grows.
Joseph Cosier, Policy Executive at Energy UK, has joined the BVRLA Blogging community to share his views on why tax reform is needed to encourage drivers to transition from internal combustion engine to low carbon vehicles.
Joseph Cosier, Policy Executive at Energy UK, the trade association for the British energy industry, shares his views on why tax reform is needed to encourage drivers to transition from internal combustion engine to low carbon vehicles.
Tax is a vital weapon in any government’s policy armoury. Used in the right way, it can mobilise businesses and drive innovation or behaviour change. When poorly devised or implemented, it can damage whole industries and encourage avoidance or evasion.
BVRLA members are receiving a growing number of letters from the British Oil Security Syndicate, the trade body for fuel retailers, attempting to recover fuel debts owed by motorists driving rented or leased vehicles.
Latest figures from the Auto Trader Retail Price Index show that the average price of a used car in the UK is continuing to grow, up 5% on the same period last year.