The Budget 2020

Company car demand is predicted to accelerate after benefit-in-kind tax clarity for the next five years was provided by Chancellor of the Exchequer Rishi Sunak in this week’s Budget.

Fuel Price Cuts

Fleets are benefiting from fuel price cuts resulting in some of the biggest monthly reductions seen since the start of 2000 and the impact of the coronavirus on the wholesale cost of oil could lead to further falls.

Call to Extend Plug-in Car and Van Grants

Fleet chiefs and company car and van drivers are being urged to write to their local MP asking for their support in securing the future of “vital” Plug-in Car and Van Grants until “at least 2025”.

New BIK Tax and Vehicle Excise Duty to be Introduced

Fleet operators have been urged to review company car choice lists as motor manufacturers are struggling to provide accurate vehicle carbon dioxide (CO2) emission figures just weeks before new benefit-in-kind tax and Vehicle Excise Duty regimes are introduced.