BVRLA responds to Tax policy update statement by Jesse Norman MP The Financial Secretary to the Treasury (issued 12 November 2020).
BVRLA Senior Policy Advisor Thomas McLennan responded;
"We welcome HM Treasury’s confirmation that motorhomes will continue to be classed as Private/Light Goods for Vehicle Excise Duty purposes and are supportive of the Government’s decision to scrap its plans to introduce a new graduated VED scheme from April 2021, which would have placed additional burdens on businesses already facing a great number of challenges.
"The decision to extend the temporary increase of the Annual Investment Allowance by a further year is also good news. It is a welcome incentive to encourage firms to make investments in plant and machinery, including vans and lorries, which they might not have made."
