The Spring Budget, announced on 13th March 2018, continues to place importance on lowering C02 emissions and choosing more environmentally friendly vehicles for your fleet.
Vehicle Excise Duty - increased rates for first year on new diesel vehicles that do no meet the Real Driving Emissions Step 2 standard will be enforced on 1st April.
Vehicle Excise Duty for vans - RPI influenced rises in VED for vans will be enforced from 1st April.
Fuel Duty - Remains unchanged.
Company Car Tax Bands - diesel benefit-in-kind car tax increases to 4% for vehicles that do not meet RDE2 standard from 6th April.
Capital Allowances and Lease Rental Restriction - the CO2 emissions threshold for main rate capital allowances on new car purchases decreases from 120g/km to 110g/km.
Fuel Benefit Charge - Tax on employer provided fuel for private milage is increasing to £23,400 from 6th April from £22,600. For vans this rises from £610 to £633.
Van Benefit Charge - LCV’s and double-cab commercial vehicles will have VBC set at £3,350 or £3983 if entitled to private use, from 1st April.
Company Head Office
AID Fuel Oils Group
Cocksparrow Lane
Huntington
Cannock
Staffordshire
WS12 4PB
