Budget News

Latest Autumn Budget News - A rise in the existing Company Car Tax diesel supplement from 3% to 4%, with effect from 6 April 2018. This will also apply only to diesel cars which do not meet the Real Driving Emissions Step 2 (RDE2) standards (60). 

From April 2018, there will be no beneft in kind charge on electricity that employers provide to charge employees’ electric vehicles.

Government will regulate to support the wider roll-out of charging infrastructure; invest £200 million, to be matched by private investment into a new £400 million Charging Investment Infrastructure Fund

Government to commit to electrify 25% of cars in central government department fleets by 2022. Also provide £100 million to guarantee continuation of the Plug-In Car Grant to 2020 to help consumers with the cost of purchasing a new battery electric vehicles.

The Fuel Beneft Charge and the Van Beneft Charge will both increase by RPI from 6 April 2018.

Full Autumn Budget Link here: https://www.gov.uk/government/publications/autumn-budget-2017-documents