new government transport policy

Budget 2020 : Guide for Fleet Managers

FacebooktwitterpinterestlinkedinmailFacebooktwitterpinterestlinkedinmail

 

Following the Chancellor’s Budget 2020, we’ve summarised the most important policies and economic forecasts for fleets and motorists in this guide.

The guide covers;

The economic and fiscal forecasts and the policies for motorists

Policies for fleets and motorists

Plug-In Car and Van Grants

£532 million to maintain the Plug-In Car and Van Grants until March 2023 – as well as the announcement that the Plug-In Car Grant (PiCG) is reduced to £3000 from £3500 from 12th March 2020, and cars costing over £50,000 no longer qualify.

Van benefit charge

No Van Benefit Charge for zero-emission vans from 2021.

Capital allowances

Capital allowance bands are tightened – only zero emission cars will qualify for 100% first year allowance.

Fuel Duty

Fuel duty has been frozen for the 10th successive year.

Company car tax rates (CCT)

Company car tax rates confirmed – and have been frozen between 2023 and 2025.

Vehicle Excise Duty (VED)

All zero-emission vehicles are exempted from the VED ‘expensive car supplement’ until 2025.

Infrastructure spending

£500 million for rapid charging infrastructure.

Download the guide today 

Want the inside story?

Tune in to our latest Fleet Navigator Podcast on Budget 2020 with reaction and analysis from LeasePlan’s Head of Consultancy Services, Matthew Walters and Specialist Fleet Consultant Caroline Sandall.

Download the guide: Budget 2020: Guide for Fleet Managers

We’ve summarised the most important policies and economic forecasts for fleets and motorists in this guide.

Download the guide today

FacebooktwitterpinterestlinkedinmailFacebooktwitterpinterestlinkedinmail

Download the guide

A summary of the most important policies and economic forecasts for fleets and motorists following the Chancellor’s Budget 2020.

Just enter your details:



























Read more…