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Sharp increases in Vehicle Excise Duty (VED) announced by the Chancellor last month are expected to have a notable impact on the rental sector. Having targeted non-electric vehicles with high increases from April 2025, the revised VED rates were discussed as part of the BBC’s Wake Up to Money radio show last week.

A 2030 Phase Out target for banning new ICE van sales is unachievable, while the same target for cars is a major risk unless the Government matches its ambitious targets with additional support measures. That was the message from BVRLA Chief Executive after the association received an update on the government’s Phase Out targets from the Department for Transport.

A short comment from the BVRLA in response to this morning's General Election result.

The latest figures from HM Revenue & Customs (HMRC) show that company cars continue to drive the transition to zero-emission road transport. The findings come as HMRC published its annual benefit in kind (BiK) statistics and commentary on company car and car fuel, for the 2022/23 tax year (ended 5th April 2023).

The BVRLA would like to invite members to attend a joint ESG and Tax Working Group meeting, taking place over Teams, on Thursday 20 June from 2pm to 4.30pm.

A trio of new tax measures have been suggested by the CBI to outline how the UK Government can incentivise ‘Green’ investment.

The BVRLA has updated its Vehicle Excise Duty fact sheet to clarify which vehicles are subject to the Expensive Car Supplement once the exemption for zero-emission vehicles is lifted in 2025.

HM Revenue & Customs (HMRC) has rescinded its guidance from last week on the tax treatment of Double Cab Pick Ups.

The CBI has called on the Chancellor to extend full expensing to leased and rented assets in next month’s Spring Budget. This mirrors one of the BVRLA’s key asks on behalf of members and represents a priority area for the association.

Members can now sign up for the first Quick Wins webinar from the BVRLA Learning and Development Team. Each free webinar will feature content on a key topic area, with the first one being salary sacrifice - ‘Quick Wins: Exploring Salary Sacrifice in 45 Minutes’.

The BVRLA is submitting a list of recommendations to HM Treasury this week, ahead of the Spring Budget being delivered on 6 March.

With the first payday of 2024 coming up for many, members need to be aware that Employees’ National Insurance Contribution (Class 1) rates have decreased from 12% to 10%.