Vehicle Leasing News | Our Blog
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April changes to VED will push up rentals
Published
5th Feb 2025
From April the rates of Vehicle Excise Duty (VED) - more commonly known as road tax - will change, increasing costs across the board.
For companies the three most important changes are:
the change to the initial tax on zero emission vehicles;
the move to standard tax rate in year 2 for zero emission cars;
and the ...
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Another cut in Advisory Fuel Rates for petrol and diesel company car drivers
Published
2nd Dec 2024
Company car drivers seeking reimbursement from their employers for fuel costs will be facing reduced claims from the beginning of December 2024.
The latest Advisory Fuel Rates (AFRs) published by HM Revenue and Customs introduce cuts of 1 pence per mile for engine size categories, whether petrol or diesel, which also covers both petrol and die ...
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HMRC cuts Advisory Fuel Rates across the board
Published
2nd Sep 2024
Company car drivers claiming back the cost of fuel for business mileage from their employers can expect to be paid less from September.
The latest Advisory Fuel Rates (AFRs) published by HM Revenue and Customs introduce cuts of 1 pence per mile for most drivers, including those in electric vehicles; cars with larger engines have a 2ppm reduct ...
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July 4 election presents ultimate fleet choice list for managers
Published
1st Jul 2024
The future of fleet will be defined on July 4 when the country goes to the polls to elect the next government.
Transport is a key battleground for most parties, meaning managers can vote with their ‘fleet’ when choosing who will shape the country’s future mobility strategies.
The Conservative Party has vowed to “back drivers” by ...
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Changes to VED and how it will affect you
Published
18th Jun 2024
The government has adjusted Vehicle Excise Duty (VED) rates following the most recent Budget (March) and those changes have now come into effect.
Alongside the announcement that fuel duty will remain frozen – and we’re all glad for that – from April VED increased by around 10% in line with inflation.
VED remains aligned to a car’s ...
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HMRC increases AFRs for fossil fuel cars but delivers cuts for EVs
Published
5th Jun 2024
Most company car drivers claiming back the cost of fuel from their employers for business mileage can be paid more from June – except electric vehicle drivers.
The mix of good and bad news is contained in the latest Advisory Fuel Rates (AFRs) published by HM Revenue and Customs, effective from June 1, 2024.
Most drivers of fossil fuel c ...
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