BVRLA welcomes Budget support
The BVRLA has welcomed industry support as outlined by Chancellor Rishi Sunak in yesterday’s Budget.
He announced that the furlough scheme will be extended until September, while business rates relief will also continue until the end of September.
The association was also pleased to see the introduction of a new 130% capital allowance super-deduction for investment in electric vehicle (EV) charging infrastructure. The BVRLA had also highlighted the need for additional EV infrastructure tax relief in its Budget requests.
Chief executive Gerry Keaney said: “The Chancellor has provided support and incentives where they are needed most. The announcement will help BVRLA members and their customers to bouncenback from the economic impacts of the Covid pandemic and focus on decarbonising their fleets.
“Motoring tax updates were limited to a further 12-month suspension of the HGV Levy, freezes in fuel duty and HGV Vehicle Excise Duty (VED) and inflation-linked increases in car and van VED and the fuel and van benefit charges.
“We are disappointed that the government has given no further indication of the longer-term motoring tax roadmap it will use to drive decarbonisation, but there is lots of consultation going on and we expect more news on this in the coming months.”
